Dock Treece

Dock Treece Tuesday July 7, 2020


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Tuesday, stocks had a very good day yesterday. The surprise recovery in the service sector encouraged investors.
Tesla is Now Bigger Than Intel, Verizon, AT&T, Walt Disney and Bank of America
With Tesla surpassing the market cap of every single auto market in the world last week, including Japanese giant Toyota, which in 2019 sold 10.6 million cars compared to Tesla’s 367,500, Tesla has continued its relentless, steamrolling ascent, and with its stock rising as high as $1,400 after hours, its market cap is now well over $250BN (increasing by $50BN in just a few days), having exploded from $1,000 to $1,400 in 5 short days and 5 stock squeezes.
I am reminded of the famous quote "the market can stay irrational longer than you can stay solvent".
Warren Buffett buys Dominion Energy.
And guess what, the well heeled and connected got PPP loans. Both liberal and conservative organizations feasted at the trough.
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Dock TreeceBy 1370 WSPD (WSPD-AM)