Tuesday, October 13, 2020

QE season begins with JPM & Citi ...

 both came solid, but there are questions about how much reserves they need to hold .. what i find funny is people look for certainty when there is none .. just deal with what you have and enjoy life ..!

anyway, Apple is launching a new iPhone today, while AMZN has its prime day .. just a coincidence .. 

someone made a good comment that its a $1000 phone & most people don't use beyond $200 of features, and the phone looses its value in 3 years ... i call it the highest level of stupidity by mankind as people pay  $800 simply to hold a piece in their hand, show off & feel good about it ..!

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CPI came hot ...

No surprise there .. market drops about 1p .. no worries there .. but the cause of inflation so far is mainly crude and diesel.. so it's...