There’s a lot that’s happened in the week since I last wrote for Trading With Cody. So let’s run through some headlines and see what we learn, where we’re at and what we can glean from them.
Human drivers admit to only 71% of crashes. Driverless cars admit to 100% of crashes. – My buddy Tim McCollough is putting out some really stimulating analysis about the driverless car industry over on DriverlessRevolutions.com. There’s no stopping The Driverless Revolution and this article underscores how the data will prove out the long-term safety benefits of driverless cars.
FBI, SEC and FTC are also investigating Facebook’s data leak – I feel like a broken record as I repeat myself from the first day the news of Facebook’s data leak hit, “I have to say I’m clearly disappointed with the way Zuckerberg and Facebook have handled the fallout of the Cambridge Analytica and other crises they are dealing with here. I’m worried that there are many more shoes to drop as other app development and advertising partners of Facebook’s might very well have mined and kept and sold their data to billions of users.” On the other hand, as I’ve also pointed out repeatedly, we have to remember to “Flip It” when it comes to the increased regulations for Facebook and other Internet giants — because those regulations raise the costs to create a giant Internet company, helping to lessen the chance of new competition. FB has been one of my biggest positions since it was at $20 and I’ve trimmed some here and there as it’s risen 10-fold. Holy cow, speaking of which, that means we have yet another new official 10-bagger here at TradingWithCody.com, doesn’t it?
Dow jumps 250 points as trade fears dissipate – For now, right? One thing that I am hearing consistently from the pundits out there now that the market has gone back into rally mode for the last couple weeks is that “the market is saying that the trade wars aren’t going to matter all that much.” Which sure sounds awfully complacent to me. I’m not one to fret much or sell stocks because of geopolitical concerns, but the full-blown Great Trade Wars of the 21st Century are on and I don’t think we should whistle past the potential for that to create havoc in the stock market eventually too.
Twitter is cleaning up its platform, but the stock is tanking – If you’re selling Twitter stock because they’re cracking down on spam, crap and other junk on their platform, you’re missing the whole point. The only way Twitter wins in the long run is if they create a platform that people get value out of…and nobody gets value out of the junk Twitter’s cleaning up.
British Foreign Secretary Quits In Protest Over Theresa May’s Brexit Plan – “Many eurosceptics are angry, saying the agreed strategy betrays her promise for a clean break with the EU, raising the prospect that some could try to unseat her.” I repeat from above: “I’m not one to fret much or sell stocks because of geopolitical concerns, but the full-blown Great Trade Wars of the 21st Century are on and I don’t think we should whistle past the potential for that to create havoc in the stock market eventually too.”
Stay tuned, I’ve got a lot I’ll be writing about, sending out and otherwise analyzing this week.