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Well, I’m going to get some work done this evening, but I wanted to sign off with an intriguing chart from over at Elliott Wave. It shows the most recent sentiment figures for the stock market. I’ve never seen optimism like this – at least not since late 1999. All the bears are either dead or – – like me – – bleeding and screaming in pain. If you think this a dynamite time to gobble up long positions, I won’t stand in your way. See you tomorrow, where another all-time high is sure to greet us.
The vacillations in the stock market have made me not want to write anything about charts, so let me share with you a positive anecdote about Tesla (which is reporting earnings this afternoon, I believe).
One of the big appeals of the Tesla is its relatively long driving range. Whereas a Nissan Leaf, the other all-electric vehicle we own, will realistically get you about 70 miles on a full charge, the Tesla will give you about 270. This means that driving from San Francisco to Lake Tahoe or Los Angeles becomes practical in an all-electric vehicle. (more…)
If this whole “bearish stock market” thing doesn’t work out, maybe I could start a geriatric orthopedic blog named The Slip of Hip. Until then, I’ll make do by offering up some more – sigh – bullish ideas. Financial stocks are doing well, and here are a trio of financial stocks that are have particularly good patterns. (more…)
