January 25, 2018 | What If Farmer Brown Lived on Wall Street?

Even with some considerable drag from AAPL, the world’s most valuable publicly traded company, the broad averages chugged effortlessly higher Thursday, extending their seldomly rebuked winning streak to yet another record high. Apple shares fell 1.5%, but this loss was more than offset by lunatic-powered rallies in AMZN, BA and NFLX.  Respectively, they rose 1.5%, 2.6% and 3.1%. It was all in a day’s work for these high-fliers, although it’s less work than it might have seemed, given that there are no aggressive institutional sellers of any of these stocks. If you want’ em, you’ll have to pay up!  The investment geniuses on Wall Street have a great thing going for them in comparison to those who actually work for a living. If AMZN, BA and NFLX were seed crops, farmer Brown could sleep till noon every day, whittle balsa tractors, tie flies and fish steelhead until suppertime, imbibe  Justified, Banshee and Game of Thrones all night long, and still clear a million dollars a year after expenses.

Rick Ackerman January 25th, 2018

Posted In: Rick's Picks

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