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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (18418)	4/3/2024 2:19:36 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26448

I think annual CPI has been higher every month since its 3.0% low in June of last year. I'm not sure about the rest of the country but here in California, the governor just gave fast food workers a raise to $20/hr. All the marginal businesses just barely holding on in crime ridden areas will probably shutter, if they haven't already but the good areas are already paying that or more. Anyway, it will cause higher prices in fast "food" joints that rely on immigrants to do jobs done by teenagers when I was in high school. It is probably a good thing if fast "food" gets too expensive for the people who eat it regularly... visually, they suffer the most from obesity by not having time or money to buy heathy food so they buy crap that fills them short term. For sure wages will go higher as besides fast food workers wanting more, any job upstream that takes more skills will demand a raise. We also have most of the public employees regularly striking. Nurses here in Santa Clara County are out now... What NOBODY has the nerve to write about is all these public workers get a large part of their salary in the pensions they get which allows them to retire in their 50s after 20 yrs of service at 60% of terminal salary... I'd love to see them converted to 401Ks and paid a competitive wage so they can compete with tech workers for housing, but the unions are going after the state to subsidize low and "moderate" income housing. The poll I ran recently had most of us agreeing the fed would keep rates where they are or raise them as we know real inflation is not falling.

To: Sun Tzu who wrote (18418)	4/3/2024 2:30:28 PM
From: Kirk ©	Read Replies (3) \| Respond to of 26448

Unless you supply a link to your last prediction like Breeze does, it is impossible for me to accurately recall all the good calls. BTW, remember how back in January I said that INTC will hit a pitstop at 41 before proceeding to mid 30s? Guess what it did today? It broke the 41 support that it had built. but, congratulations on your call. I think Intel is trying to hold here at support but my fair value target for a good buy listed in my newsletter is very similar to yours. If it wasn't for the government support, it would have been 35 already. Maybe not. After how Pfizer got screwed "helping the government save the world" with a vaccine they sold at a very low price and now the stock is LOWER than before COVID... I worry about Intel planning to sleep with the same dogs and not expecting to catch their fleas. This picking winner who kiss the king/president/Pope's ring to get money with tons of strings attached, is what makes Communist backed capitalism, not "real capitalism." The only saving grace is this cronyism is endemic around the globe so it sinks us all. I'd much rather see "them" fix the problems with tax policy, but I've argued that since I was a part of shipping US manufacturing jobs out of the US in the 1980s to save on taxes and labor. Politicians will NOT give up their power to pick winners and losers with tax incentives rather than a simple policy of no corporate taxes on income from goods manufactured in the US and make up for the tax shortfall with an "import tax" equal to Social Security and Medicare on manufactured (not food) goods imported into the US made with foreign workers.