This has been the craziest market I can remember in my past umpty ump years. If you look back at the many in and out postings this year you will see that I fared pretty well. However, I can not take full credit. A fair share of the credit goes to the other people in the August 24th posting, Dr. Ronjon Nag and Dr. Jeremy Sosabowski. They are the people responsible for introducing me to artificial intelligence.

Come March 28th, Ronjon and I will be offering a portfolio management course at Stanford University that begins with where we began: he, with AI, me, with portfolio theory. It concludes with our current attempts to develop an AI driven portfolio management framework that is not available to the public. I will post the Zoom course outline on Wednesday.

I agree with Bloomberg, attacking tech companies is a stupid idea, but remember, this is our congress talking and talking is what they do well. They will still be talking about it in 2024. Inflation is the real and eminant threat. But there are companies that can pass on the costs to consumers. Buy them at support levels.

A Bipartisan Bad Idea

Congress’s attack on tech companies would harm consumers, workers and the economy.

I will spend the next 7 weeks teaching a Zoom class with Dr. Ronjon Nag for Stanford beginning March 28th. Don’t know when I will get back to this blog. My best wishes to all.

I just put stop loss orders in on tech stocks.

U.S. prosecutors will likely urge a judge to drop an indictment against an MIT professor charged a year ago with receiving federal grant money but failing to disclose his ties to China, according to people familiar with the matter.

The reversal in the case of Gang Chen, a nanotechnology expert at the Massachusetts Institute of Technology, comes as the Justice Department is reviewing its policy of investigating and prosecuting cases of economic espionage intended to benefit China. 

We desperately need people like Gang Chen if we are going to remain competitive. The FBI Witch hunt should end. We don’t have to like someone’s philosophy or form of government to do business with them.

Talk about timing. Did you jump in the market yesterday when there was blood on the streets of Silicon Valley? I know an algorithm that did.

Julіа Gаlеf is an еxреrt іn rаtіоnаl dесіѕіоn-mаkіng аnd a соfоundеr оf thе nоnрrоfіt Cеntеr fоr Aррlіеd Rаtіоnаlіtу, аn оrgаnіzаtіоn thаt specializes іn rаtіоnаl thinking аnd humаn соgnіtіоn. I encourage you to read her book: “The Scout Mindset: Why Some People See Things Clearly and Others Don’t”.

 She says: “Imаgіnе thаt the world іѕ a bаttlеfіеld – аnd thаt on this bаttlеfіеld thеrе are twо types оf people: soldiers and scouts. The ѕоldіеrѕ believe thеrе is оnlу one wау оf ѕееіng thе wоrld – аnd thаt is their wау. Thеу’rе rеаdу tо аttасk anything or anyone thаt соntrаdісtѕ thеіr worldview.

The scouts are looking for the facts on the ground. What’s going on and what’s not going on. If scouts see 10 times more Indians than Custer has troops they will tell him to sound retreat. The soldiers will die with their boots on.

In my opinion, China and the US are both behaving more like Soldiers than Scouts and the world is paying the price for this. This is Scout Sortino saying to both sides: Raise the white flag and sign a peace agreement. Stop arguing about who’s political religion and social views are right and who did what to whom in the past.  WAR of any kind, military or trade, is NOT A Solution.

Oh, by the way, there are 10 times more Chinese than there are Americans.

What can you do? Gets some cash and go snorkeling in the Cayman’s until an up flag is raised. if you don’t know what that means, you haven’t been reading this Blog.

Why are big tech moguls dumping $Billions of their shares and paying taxes on the profits? Their Government doesn’t like them and they don’t trust their Government.  And guess what, neither does the rest of the world. Add to that a Fed that has overspent for too long and is clinging to the notion that having the world’s reserve currency will save them. Continuing the current path will lead to stagflation at best and recession at worst. IT’s THE ECONOMY, COVID & TRADE WARS, STUPID!