More interesting facts! It seems lots of folks want to move...
In the interest of providing content you might not see anywhere else, I scour various investment periodicals, websites, etc. to let you know about things going on in the world that are interesting... or at least amusing.
Whether some of these facts are "useful" is in the mind of you, the reader. So let me know what you think of what I'm writing about here... if I should continue, if you'd rather read about something else, etc. I'll try to oblige.
Anyway, I just read another short article that's at least half-way intriguing.
It seems that lots of people would rather live someplace else other than where they are now. In a recent survey by the Pew Research Center, it was found that a full 50% of U.S. residents surveyed would like to move and live somewhere else.
The most desirable city to live (given the choice of the 30 largest cities)?
Denver. Followed by San Diego and Seattle.
The least popular?
Detroit. Followed by Cleveland and Cincinnati.
Also, it seems low-priced burgers are more popular than high-priced coffee. The survey indicated more people would rather live where there are more McDonald's locations than in one with more Starbucks.
Finally, the survey found out that 70% of rural men were content where they live, vs. just 50% of the rural women.
Fun stuff!
The stock market was no fun Friday, with the Dow collapsing another 148 points, and the Nasdaq down 31.42.
The main catalyst seems to be a bad GDP report.
According to MarketWatch:
"The U.S. economy contracted at a 3.8% annualized rate in the fourth quarter, Commerce Department data show. The decline in gross domestic product would have been worse except that the government counts an unwanted buildup of goods on store shelves as growth. The data indicate particular weakness in consumer spending."
That's the worst report since 1982. In other words, in the past 27 years.
But the year 1982 reminds me of something else. Wasn't that year the kickoff of one of the biggest bull market moves in history? Hmmm...
Anyway, some of these small-fry biotech companies are simply ignoring the rest of the market - bull or bear - and marching (up) to the beat of their own drummer.
Another beauty of an ARM Play set up on one of those stocks today. It powered up over 46% on no news that I could see, on humongous relative volume for this virtually unknown stock. I'm about to name that stock for my Premium Members.


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