By SIMON CONSTABLE
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Internet Archive Book Images, No restrictions, via Wikimedia Commons
Thursday, March 13, 2025
#FRANCE. THE MISSING CAFES AND WINE BARS. @REALCONSTABLE @BATCHELORSHOW OCCITANIE
By SIMON CONSTABLE
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Le Café de la Société Artistique et Littéraire Française et Etrangère, 171, Boulevard de Montparnasse, Paris, 1909
Unknown authorUnknown author. Carte postale publiée par Phototypie l'Abeille, Paris., Public domain, via Wikimedia Commons
Wednesday, March 12, 2025
WSJ FINANCIAL FLASHBACK: 25 Years Ago, Nasdaq 5000
By SIMON CONSTABLE
On March 9, 2000, the tech-dominated Nasdaq Composite Index surpassed a then-staggering 5000 for the first time, up from its first breach of 1000 in July 1995.
“It is a crowning milestone in investors’ unprecedented love affair with technology stocks,” The Wall Street Journal wrote at the time. “It’s hard to believe, but the Nasdaq Stock Market is still a 20-something.” It was formed in 1971 and included American Express and Anheuser-Busch, both of which eventually moved to the New York Stock Exchange.
Sam Stovall, chief investment strategist at analytics company CFRA, says the late-1990s surge resulted from several factors. “It was overly exuberant earnings projections, fear of missing out, and a constant reminder of being in a new era and that this was different,” he says.
The day after the 5000 milestone, the index set its then-record of 5048.62, but that top didn’t last long. The index tumbled by 77% to its trough in early October 2002.
The initial break in the index came when Yahoo reported data showing the number of people looking at the site fell disappointingly short of expectations. Read more here.
Thursday, March 6, 2025
#WHEAT: THE CROP IS THREATENED BY FROST. @REALCONSTABLE @BatchelorShow BARRON'S
By SIMON CONSTABLE
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Nikolay Nikanorovich Dubovskoy , Public domain, via Wikimedia Commons
Wednesday, March 5, 2025
Wheat Prices Look Set to Jump. Consider This ETF.
By SIMON CONSTABLE
As if the Russia-Ukraine war wasn’t enough to raise wheat prices, unusually unfavorable weather conditions—plus dwindling Russian wheat inventories—look set to lift them higher.
Shawn Hackett of the Hackett Money Flow Commodity Report says foul weather could add at least $2 to wheat prices, which recently fetched $5.26 a bushel. Read more here.
Miscellaneous Items in High Demand, PPOC, Library of Congress, Public domain, via Wikimedia Commons
Monday, March 3, 2025
FOX Biz: Just like Trump, Hungarian leader Orban wants more babies for his country, offering big incentives
By SIMON CONSTABLE
Earlier this year, Donald Trump announced that he would like Americans to have more babies and pushed forward ways to help that happen. These include expanding access to invitro fertilization and increasing spending in areas with higher marriage and birth rates.
But over the Atlantic, Victor Orban, Hungary’s Prime Minister, presented an audacious new idea. He wants to introduce a lifetime income tax exemption for all women who have two or more babies. Read more here.
Victor Orban: European Union, Attribution, via Wikimedia Commons
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