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Alan
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Best news of 2022

January 2nd, 2022, 6:00 pm

I'll start with this one:
At Mr. Macron’s behest, the European Commission in Brussels may be on the verge of including both nuclear and natural gas on a list of environmentally friendly energy sources eligible for “green investment” from governments and private investors.
Source: wsj opinion
 
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Re: Best news of 2022

January 3rd, 2022, 5:10 pm

Green "natural gas" only from cows or also from fracking ground, or only from fracking ground.
 
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Re: Best news of 2022

January 4th, 2022, 2:19 am

Golden Apple

Apple Becomes 1st Company Worth $3 Trillion - Forbes January 3 2022

That is more than the GDP of the UK!
apple.jpg
 
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bearish
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Re: Best news of 2022

January 4th, 2022, 3:09 am

Golden Apple

Apple Becomes 1st Company Worth $3 Trillion - Forbes January 3 2022

That is more than the GDP of the UK!

apple.jpg
That’s an awkward mix of stock and flow, but definitely a big number. Since I have a household full of Apple products, I guess I should feel proud or overcharged, or something.
 
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Re: Best news of 2022

January 4th, 2022, 3:52 am

Well, sure and subject to change, but I am happy for Apple.

From the article: "Apple’s closest rivals are Microsoft, valued at $2.53 trillion at the end of 2021, Google parent company Alphabet, valued at $1.92 trillion, and Amazon, valued at $1.69 trillion."

So, the Evil Empire did not get there first, nor that dot-com upstart, nor the Retailer in the Clouds.

Apple's IPO: December 12, 1980 at $22.00 per share. The stock has split five times since the IPO, so on a split-adjusted basis the IPO share price was $.10.

Closing price on January 3, 2022: $182.01.

and as a pre-pandemic benchmark: January 10, 2020: $77.58.
 
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Alan
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Re: Best news of 2022

January 4th, 2022, 4:02 pm

An issue with hugely successful companies like these is that, whenever it finally dawns on you that they are special, their stock almost always looks grossly over-valued -- starting from day one with the IPO. Even if you get in early, you'll probably sell after making some small multiple of your investment. (Well, happened to me with amazon, anyway). 

Of course, solving this problem is one of the great features of index funds -- as you will then own companies forever that you might never buy if assembling your own portfolio.  
 
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Re: Best news of 2022

January 4th, 2022, 4:34 pm

 
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Alan
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Re: Best news of 2022

January 5th, 2022, 2:24 pm

I'd call this a ``good news" piece from the NYT this morning.
Excerpt and full article attached below: 

The details of the Omicron variant are becoming clearer, and they are encouraging ...
Page7.jpg
Attachments
nyt010522.pdf
(466.69 KiB) Downloaded 38 times
 
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Marsden
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Re: Best news of 2022

January 6th, 2022, 4:59 pm

Better times in the American Capitol building than a year ago: https://www.youtube.com/watch?v=ZpUj5Tq68hI

I like that whatshisface was never directly named, although I wasn't paying attention until several minutes in so maybe I missed an instance.