Sorry for the delay with this today. I had most of it written before lunch, but the power went out, leaving me with no internet and the original document perched on a powerless desktop.
Now the dedicated folks at Florida Power and Light have the juice flowing again, and we are good to go.
We continue to live in a world of opposites struggling.The reality of rising cases is struggling against the anticipated vaccine for the most important coronavirus story. The hoped-for full reopening of the economy is grappling with the fact that we see shutdowns and cutbacks emerge as the virus continues to spread. The hopes of an economic recovery that gets everyone back to work are opposed because we added more than 700,000 people to the unemployment lines this week.
For the most part, the stock market has sided with the vaccine, the eventual recovery, and everyone being back to work any minute now. While I get that the market tends to anticipate the future, at the moment, it appears to be anticipating economic activities going right back to 2019 levels, and the reality is that we will not see that until 2022.
To a greater degree than I like to think about, the best market analyst of 2020 has been Dave "Davey Day Trader" Portnoy of Barstool Sports. He has insisted that stock only go up and has made bets on garbage stocks that have risen as money from the frat bros that follow him has helped push the stock higher.
He should have lost millions with the dumb bets he made on stocks this year.
He made money buying random stocks without knowing much about the actual companies he was trading.
Then we have the Robinhood crow who have used the brokerage to become ...