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I felt a great disturbance in the economy, as if millions of voices suddenly cried out in terror and were suddenly unemployed.

6.6 Million Job Cuts; Luckin Nuts; Zoom’s a Klutz

by Joseph Hargett April 2, 2020 Great Stuff

Thanks, I Hate Record-Setting Years Anyone else tired of records? I’m not talking about vinyl. My vinyl collection is one of the few things keeping me sane during this quarantine (The White Album, Led Zeppelin IV, Ziggy Stardust, Dark Side of the Moon, Facelift, Paul’s Boutique, World Domination … it gets more eccentric as the […]

After 15 days of social distancing and scouring the earth for anything that resembles toilet paper … the market wants nothing more than a return to normalcy.

Viable Vaccines and Yesterday’s Dreams

by Joseph Hargett March 30, 2020 Great Stuff

There’s an Ordinary World… Somehow I have to find. And as I try to make my way to the ordinary world, I will learn to survive. I hope you like spending time with your family, ‘cause we’re in for another month of social distancing. As part of his regular COVID-19 briefing to the American people, […]

We’re whipsawing 1,000 points every other day, and Great Stuff is making Great Depression jokes. It’s madness!

No. 1 In Infections; Pot for Profit; Crapping Out in China

by Joseph Hargett March 27, 2020 Great Stuff

Friday Four Play: The “WE’RE NO. 1!” Edition Are we having fun yet? Thousand-point swings in the Dow used to send investors panicking and running through the streets. Now? Meh. Been there, done that. This week, the Dow posted its biggest three-day gain since 1931. All the major financial publications crowed about it. “We’re back […]

As hopeful as you want to be … as hopeful as Wall Street wants to be … we aren't close to getting past the worst of the spread.

3.28 Million Lost; Micron Moves; Cheesecake Blues

by Joseph Hargett March 26, 2020 Great Stuff

Denial, Seems It Had to Come I warned you it was coming. I warned you it’d be bad. Relied on me to say it all. (Any Sevendust fans out there? No? Oh well…) Weekly jobless claims arrived today, and they were record-breaking. The U.S. Department of Labor reported that 3.28 million Americans filed for unemployment […]

Everything will be OK. Congress and the Fed are riding to the rescue. But you still need to stay patient and cautious with this market.

Congress Gets Bold; Greatness in Gold

by Joseph Hargett March 24, 2020 Great Stuff

It Can’t Rain All the Time Hope for a light at the end of the tunnel — that, dear readers, is why Wall Street rallied today. Hope that legislators in Washington, D.C., finally set aside their differences to help the American people. The Federal Reserve has already taken care of Wall Street — “unlimited stimulus” […]