by Bob Walsh
The
NASDAQ Index sneaked above 10,000 for the first time in forever
yesterday, and then closed slightly below that magic mark. It will
almost certainly close above 10,000 sometime this week. The DOW is
still hovering above 27,000. I know my own deferred comp account has
now picked up fully to where it was before the plague struck.
I
am sort of hoping that the economy in general and the unemployment
numbers will take off like a rocket in the next couple of months. That
will certainly not hurt Trump's reelection prospects. Unfortunately I
think that probably half or more of the restaurants in the country will
be permanent casualties. We will know better when the PPP money runs
out next month and the folks who are making more money not working will
have some choices to make.
I
don't know how it is in your neck of the woods but around here there
has been another run on ammo and gun sales are WAY up. In fact the last
time I went to one of my acceptable alternate ranges to shoot my new 9
mm carbine the guy behind the counter remarked that they were damn near
out of ammo at the store. Also reloading components are getting
difficult to get just now. Fortunately I have enough to weather the
store. It pays to be prepared.
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