Joseph G. Witthohn, CFA
VP of Product Development Emerald Asset Management

Good morning.

Once again, stocks hit an intraday record this morning … as investors continue to ignore warnings. What I find most interesting is that records are not being set via an investor “buy anything that moves” mentality, but in small steps … and the Dow finds itself tiptoeing toward the 23,000 mark.

Probably the biggest news of the morning, in my view, came out of Wal-Mart which seems to be throwing down the gauntlet in a challenge to Amazon. The company came out with the claim that they see their online sales growing 40% in fiscal 2019. But let’s face it … they do have a tough hill to climb … I mean, if you are going to look online for an item … do you even think “oh, yeah … let me look that up on the Walmart site?” Who will win in this battle? There is a lot of money at stake.

The first article I included below is an important one … as it deals with social security … and a mistake here can be quite costly indeed. I mean … deciding when to take it has ramifications that can affect you for … literally … the rest of your life. So please, read all you can on this and get help if you don’t grasp it all (I have read a bunch and am still confused). The site is a good place to start.

On a final note for today, many know how much I look forward to the self-driving vehicles … but adoption could be another matter entirely.

I don’t know how many of you have driven on highways lately … but let’s face it … do you really go the speed limit and no higher? When you are on a street and the limit says “25 mph” … don’t you go a few miles above this because 25 seems so … so … slow? Even though the article deals with robotic cars not having horns (for … another robotic car cannot “hear” sounds), it also implies that there will be some getting used to for a car that doesn’t speed … and even stops at yellow lights.

That’s about it for this morning.

I was trying to look up autonomous car jokes on the internet and the only one I saw was:

“What will an autonomous car do when it sees a spaceman?”

“It’ll park, man.”

Oh, my … these cars (and improved jokes) had better be here soon.

Have a great day.

Joseph G. Witthohn, CFA
Vice President
Emerald Asset Management
610 Freedom Business Center Drive
King of Prussia, PA 19406
(610) 337-9230 ext. 6

… as of 11:11 AM today …

Quick Look at the News


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