Morning Spreads Or
Summary
- Net cash value up.
- Net spreads wider.
- Newsom shuts us down again.
- ASS SAVED!
Some call it rearranging the deck chairs on the Titanic.........
I call it tidying things up! (ok, I was really just saving my ass yet again)
Somehow I was suddenly -$99K again as the DOW ramped to up 500+ points mid-morning on the usual vaporware news about vaccines and the FANGS going to the moon. What to do? Why bend over and SPREADEM BABAY!!
(F, MRNA, AAL, TNA, BBBY, DIS, IRM)
That got me back to a small plus, and then our boy Any Twosome slapped us back to the stone age:
– 12:00 p.m., Monday, July 13, 2020
Gov. Gavin Newsom announced Monday all of California's must shutdown indoor operations for a number of businesses and additional restrictions for counties on the state's COVID-19 watch list.
All counties must immediately shut down indoor operations for:
– restaurants
– wineries and tasting rooms
– movie theatres
– family entertainment centers
– cardrooms
– bars must shutdown all operations
Counties on the state's COVID-19 watch list, which includes San Diego, must close additional indoor business operations.
These include the following businesses:
– Fitness centers
– Places of worship
– Offices for noncritical sectors
– Personal care services (hair salons, barbershops)
– Indoor malls
Newsom added that business can remain open if they are able to move their operations outside.
– KPBS Staff
Which tanked the DOW:
And that saved my ass yet again!
- Nothing ITFM until December! (for the moment)
- Only $121K to go to get to the $2M goal!
- Finished in the green with $69K excess!
I better take out $15K for the builder for next week while I still have it.
YRMV
PS: If your day is going well for some reason and you need a nice bite of a doom sandwich to make things right again, bite here.
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