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Recording of mobile voting available for viewing

Paper ballot stories continue to be politicized by both parties. It is clear the votes will not all be counted by midnight on November 3. It may take weeks, and possibly longer based on legal challenges. I am hoping things will be orderly at the polls and people will understand the process. I have no doubt millions of the mail in ballots will not count due to errors by the voter. I offered my perspective on this and more about our voting process in four Zoom webinars. The most recent webinar is here

I will be doing a fifth video webinar on the subject on Monday for Founders Hall on Monday, and a sixth for Ridgefield Men’s Club on Wednesday, November 4, 2020.

Keep your eye on SpaceX this coming week. Could be two rocket launches to deploy another 100+ Starlink satellites. Elon Musks dream of worldwide high speed Internet is happening.

Wall Street and the MAGFA Stocks

The big movers this week were Royal Caribbean down 14% and Zoom up 14%. The underlying trends with both ae obvious. Similarly, brick and mortar is losing out to cloud computing. CarMax market cap is $15B although very profitable with 200 stores. Carvana is not making money (yet), has NO STORES, and a market cap of $37B.With regard to big tech, some legislators want to break them, but I cannot see how breaking them up could be done successfully.

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

John’s MAGFA Market Cap (10/16/20 4:00pm ET)
 ClosingMarket CapLastChange in%
Total $7.2$7.1$1783%
S&P 500 9/30/2020
MAGFA/S&P 500 26.0%25.3% 3%
Royal Caribbean$59$13$15-$2-14%
Note: These five stocks and Bitcoin are in billions not trillions