Today then rebounded in the afternoon. House of pleasure. Closing down 80 points. The s p losing. 42 . Nasdaq falling. 85 . I think what were seeing here is nothing more than a wholesale repricing of stocks. As investors try to bake in all sorts of contradictory possibilities. The repricing ebbs and flows and you see intraday rallies as people realize the businesses are actually pretty good and the stock market remains the best place to put your money. Thats what happens when stocks fall if only because every other asset class is so unattractive does this occur. Its not because this one is that beautiful still, i think we have to have more pain like we experienced this morning, which is why you need to understand what striving when the pain happens, youre not paralyzed, because were going to see it again and again. First, there is a whole camp of people who believes that our economy is headed into a recession. Probably sooner rather than later. How do i know this because at the worst m
Occasional buy opportunity it does exist. But the window closes so fast, that if you blink, you will miss it still, if youre ready to pass, you can pick up some high quality stocks at discounted prices the dow briefly went into the red rebounding to close up 143 points you had it in your grasp when the market opened. Yet, markets dont go up in a straight line. You still get dips but it is frustrating. No dips whatsoever the stock of netflix as analyst after analyst raised projection after projection denying everybody a chance to get in except for the bold people who dipped and bought many other visible opportunities where the window opens and you have to jump and jump quickly provided you did the homework. The brief government shutdown. Will benefits be paid. Doesnt a postponement mean we are going to be worrying a lot more over the next few weeks now, nobody would think it is good for business when the government turns the lights off. So the market opens slower today. Why . Investors
The 4th of July was a great day for a picnic and an even better day for kids on San Juan Island. The annual Pig War Picnic presented by the Kiwanis Club of Friday Harbor was again a great success. The proceeds from this event go back to the children of Friday Harbor. We were very pleased to give $20,000 this year to 20 graduating seniors who will use the scholarships to attend colleges or trade schools all around the country.