Bull Market Apogee Predicted - 2,863

Bank of America sees end of bull market coming in 2018

Excerpt:

Here's how it will happen:

• Bank of America Merrill Lynch predicts "capitulation" for the bull market in 2018, with the S&P 500 peaking at 2,863.
• Strategist Michael Hartnett said the firm is prepared to "downgrade risk aggressively" once it sees the triggers in place.
• A shift from passive to active in investor allocations would be one of the signs that the rally is about over.

Comment: Sounds plausible. 2,863 is 10% above today's level. Chart top is from the data below.

Milestone	Date Achieved
1,614	5/3/13
1,707	8/1/13
1,805	11/22/13
1,901	5/23/14
2,000	8/26/14
2,100	2/17/15
2,203	11/22/16
2,308	2/9/17
2,402	5/15/17
2,500	9/15/17
2,594	11/22/17
2,863	8/15/18 (??)

Everything went right for stock markets in 2017—can that continue? https://t.co/W8oJxxe96U via @WSJ

— James Peet (@jrpeet) December 29, 2017

2018 #GoldmanSachs #SP500 https://t.co/4NS5PJtBim pic.twitter.com/WJ4PLy9P8y

— James Peet (@jrpeet) January 7, 2018

Unitarianism: "But there’s nothing in there"

Unitarian Humour

Lisa: “What flavours do you have?”

Rev. Lovejoy: “Well, chocolate, vanilla, strawberry, and our new Unitarian flavour ice cream.”

Lisa: “I’ll have that” (Rev hands her an empty bowl)

Lisa: “But there’s nothing in there.”

Rev: “Eeeexactly.”

Comment: Yet some people love it

Tesla's ca$h burn rate

Tesla’s Burning Through Nearly Half a Million Dollars Every Hour

Excerpt:

Over the past 12 months, the electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour), Bloomberg data show. At this pace, the company is on track to exhaust its current cash pile on Monday, Aug. 6. (At 2:17 a.m. New York time, if you really want to be precise.)

To be fair, few Tesla watchers expect the cash burn to continue at quite such a breakneck pace, and the company itself says it’s ramping up output of its all-important Model 3, which will bring money in the door. Investors don’t seem concerned. Tesla shares rose almost 3 percent to $317.81 Tuesday, giving it a market capitalization of $53 billion. Ford Motor Co. is worth $48 billion.

Comment: See Electric Cars the Future? Not so Fast!

If electric cars are ever to displace gasoline engines without government putting its thumb on the scale, they must not only keep innovating but outrun fossil fuels where productivity also keeps advancing.

Electric cars have come a long way. They are no longer ugly, impossibly expensive and impractical, thanks to technological advances that have slashed battery storage from $1,000 per kilowatt-hour in 2010 to $273 per kwh last year, according to Bloomberg New Energy Finance.

Nonetheless, that means a 75 kwh battery (about what you need for 250 miles of range) still adds about $20,000 to a car’s cost. So how do the cars sell? Public largess helps a lot.

The federal government offers a tax credit of up to $7,500 each for the first 200,000 electric or plug-in hybrid cars a manufacturer sells. Throw in state tax credits, subsidies for recharging infrastructure, relief from gasoline taxes, preferential lanes and parking spots and government fleet purchases, and taxpayers help pay for every electric car on the road.

What happens when the credits go away? When Hong Kong slashed a tax break worth roughly $55,000 for a Tesla in April, its sales ground to a halt. In Georgia, electric vehicle sales plummeted 80% the month after a $5,000 tax credit was repealed.

You might be a One Percenter

Are You in the Top One Percent of the World?

Excerpt:

Ranking by Income

According to the Global Rich List, a website that brings awareness to worldwide income disparities, an income of $32,400 a year will allow you to make the cut. $32,400 amounts to roughly:

• 30,250 Euros
• 2 million Indian rupees, or
• 223,000 Chinese yuan

So if you’re an accountant, a registered nurse or even an elementary school teacher, congratulations. The average wage for any of these careers falls well within the top 1% worldwide.

Ranking by Wealth

The threshold is significantly higher if you look at the top percentile by wealth instead of income. To reach that status, you’d have to possess $770,000 in net worth, which includes everything from the equity in your home to the value of your investments. That’s equal to roughly:

• 720,000 Euros
• 49.8 million Indian rupees or
• 5.3 million Chinese yuan

Comment: This surprised me

Share of the world's adults with wealth (enumerated in US dollars) of
More than $1,000,000: 0.7%
$100k to $1M: 7.9%
$10k to $100k: 21.3%
less than $10k : 70.1% pic.twitter.com/tDBtC3eCLI

— Conrad Hackett (@conradhackett) November 14, 2017

Half of the world's household wealth is held by 1% of the world's peoplehttps://t.co/rH04RvZlEr pic.twitter.com/T7KA9vyxdp

— Conrad Hackett (@conradhackett) November 20, 2017

39 Radiation Treatments

Beginning a week from today, the 39 radiation treatments will commence: Weekdays only with 3 holidays off. 

I had the targeting CAT scan today. They molded a custom form for my feet and legs and I have three "dot" tattoos at my hip level that the machine can triangulate on for targeting. 

It all starts next week at Methodist Hospital in Saint Louis Park. Each radiation treatment is just about 15 minutes, but I have travel, checkin, dressing down etc., so I think each day may be about 2 hours. 

Kathee will go with me with the exception of two days a week when she babysits our grandkids. Thanks for your prayers for me. 

If all goes well, blood work in late January will show the cancer to be in remission. 

I hope to keep a normal schedule but the doctor tells me I may be extra tired. 

I am going to try to witness to one person everyday. Today I gave a gospel of John to a receptionist. So perhaps pray that God would enable this opportunity as well. 

Date	Day	Time
16-Nov	Thursday	Completed
17-Nov	Friday	Completed
20-Nov	Monday	Completed
21-Nov	Tuesday	Completed
22-Nov	Wednesdayy	Completed
23-Nov	Thursday	Thanksgiving
24-Nov	Friday	Completed
27-Nov	Monday	Completed
28-Nov	Tuesday	Completed
29-Nov	Wednesdayy	Completed
30-Nov	Thursday	Completed
1-Dec	Friday	Machine Down
4-Dec	Monday	Completed
5-Dec	Tuesday	Completed
6-Dec	Wednesdayy	Completed
7-Dec	Thursday	Completed
8-Dec	Friday	Completed
11-Dec	Monday	Completed
12-Dec	Tuesday	Completed
13-Dec	Wednesdayy	Completed
14-Dec	Thursday	Completed
15-Dec	Friday	Completed
18-Dec	Monday	Completed
19-Dec	Tuesday	Completed
20-Dec	Wednesdayy	Completed
21-Dec	Thursday	Completed
22-Dec	Friday	Completed
25-Dec	Monday	Christmas
26-Dec	Tuesday	Completed
27-Dec	Wednesdayy	Completed
28-Dec	Thursday	Completed
29-Dec	Friday	Completed
1-Jan	Monday	New Years
2-Jan	Tuesday	Completed
3-Jan	Wednesdayy	Completed
4-Jan	Thursday	Completed
5-Jan	Friday	Completed
8-Jan	Monday	Completed
9-Jan	Tuesday	Completed
10-Jan	Wednesdayy	Completed
11-Jan	Thursday	Completed
12-Jan	Friday	Completed
15-Jan	Monday	Completed

The delivery device is a Varian TrueBeam

Radiology waiting room at Methodist Hospital Saint Louis Park

Art by https://t.co/yfxL7xKoDh pic.twitter.com/qUTyK29YNZ

— James Peet (@jrpeet) November 30, 2017

#radiation #prostatecancer treatment 11 of 39 was a bust because the machine was broken:

Upcoming: 19 treatments in December
10 in January

Details: https://t.co/CdibjBohL9

— James Peet (@jrpeet) December 1, 2017

#JamesBond receiving #ProstateCancer #radiation

(It's just about like this) pic.twitter.com/IEF2LsElpr

— James Peet (@jrpeet) December 1, 2017

#prostatecancer #radiation Treatment # 11 of 39 today @ParkNicollet #MethodistHospital pic.twitter.com/mMXVOKTo7o

— James Peet (@jrpeet) December 4, 2017

Graduation day for Marilyn. 19 #breastcancer treatments completed.

We gave her a Gospel of John and prayed with her pic.twitter.com/ejry5wy5mV

— James Peet (@jrpeet) December 5, 2017

My friend and helper Jacob at #radiationtherapy pic.twitter.com/y504EHSYCs

— James Peet (@jrpeet) December 5, 2017

Icy drive into #radiationtherapy today pic.twitter.com/WQdHdLzszg

— James Peet (@jrpeet) December 5, 2017

Even the drive home was bad. This at Winnetka and Laurelhttps://t.co/XvewuE5oue pic.twitter.com/IxcjU0Dxx1

— James Peet (@jrpeet) December 5, 2017

Ordered John Piper tracts to include with ESV Gospel of John's for Radiation waiting room ministryhttps://t.co/aJ1poLcUfU pic.twitter.com/uzh0fVgCxz

— James Peet (@jrpeet) December 5, 2017

Ordered a case (216) ESV Gospel of John's / for the Radiation Waiting room ministryhttps://t.co/CKRLXgL1AU pic.twitter.com/HzEWjIX3jk

— James Peet (@jrpeet) December 5, 2017

I'm praying that this post #radiation #PSA drop means my #prostatecancer is in remission.

Appointment with urologist is this Thursday pic.twitter.com/gWcncusyNa

— James Peet (@jrpeet) January 22, 2018

Update:

@drlarrymd Sharing my news and praising my Lord

God bless you, friend! pic.twitter.com/xIi0LMW3LW

— James Peet (@jrpeet) January 25, 2018

Sad update on my friend pic.twitter.com/6k8Cmts3vF

— James Peet (@jrpeet) June 28, 2018