The stock market has been on autopilot all week, but permabears shouldn’t give up hope quite yet on the possibility that Wall Street will have a massive coronary before the week ends. Just in case, I’ve offered two jackpot bets in AMZN in the chat room. Far from being on autopilot, the stock has acted as though someone put fire ants in its pants. Our put/call bets straddle the question of up or down, although it’s hard to imagine a chart like the one shown producing a top, especially in the early going. It’s Friday, and anything can happen. To borrow a famous line from the movies: “Jake, it’s Chinatown”.
Jake, It’s Chinatown
- April 20, 2018, 3:03 pm
04202018
Barbara Bush
From a Secret Service agent:
…………Many years later, I encountered Mrs. Bush again when she made a visit to the New Jersey area. This time, I was driving her limo from New York City to an appointment in New Jersey. The motorcade was small and unassuming — traits that Mrs. Bush appreciated — consisting of a few Secret Service vehicles and one unmarked New York police vehicle. But upon exiting the Holland Tunnel into New Jersey, we were joined by an assortment of New Jersey State Police vehicles and motorcycles operating with full lights and sirens.
Typically, this was not the way that the former first lady liked to travel, as it drew undue attention. However, in this instance — with her husband’s presidency behind her — she was thrilled. Taking a quick glance in the rear-view mirror, I could see an amazing smile illuminating her face as she turned to her staff in the back seat, exclaiming, “They remember me! We have not had this much excitement since the White House!”
Godspeed Mrs. Bush.
And Thank You!