Farmer Diaries

 The FDA emergency approved a $5 test for Covid-19, together with an App that Abbott developed t will give a Date stamped health passport. This means that within 15/20 minutes you can know if you are infected.  This test is cheap enough 9the price of a drink) that there is really no reason not do "do one before date night" or taking a flight to an exotic location.  Together with the App, it will provide clearance that travelers and revelers will want. The truth of the matter is that despite the high number of deaths, its still less than 1% of the population that has been affected.  This test will ensure that effected people know quickly and self isolate, thereby reducing the risk of transmission dramatically.   Normality should return quicly (it also reduces the need for a vaccine). This is huge game changer.

 For the past 4 years, the GOP has ruled the US, they've done a little governing, but mostly they've bitched and moaned about the world in which they hold all the reins of power.  Why they've done nothing about Social SEcuiryt, Healthcare, Medicaid, European Union, China (ok but what they did do was mostly ineffective). Now, after a campaign rally, were Biden said that he would follow the advice of scientists, then suddenly COVID is the Democrats problem, why is it that the highest instances of COVID are all in GOP states.  Sure things were bad in NY and NJ, and they are still very bad in California -- but they don't come close to Texas, Florida, Arkansas and many many other red states! The idea of the GOP has, since Obama, been the ideal of victimhood, not so much as a political party (with you know policies and solutions) but a branch of FOX news -- because victimhood plays well with the crowd.  I mean Trump has been in charge for four years you think that by now h...

 I am a huge fan of Tesla, but the recent price action on the stock confirms that the world has gone mad!  Tesla is trading at a multiple of 1,038x earnings...Yep, it will take 1,000 years for Tesla to earn its profits.  Now I always thought that for the manufacturing sector a p/e of 17 -- 25x was well priced and justifiable, and even you could say that Facebook and Google (in brand new sectors) would justify a P/E of 50 or even 100 times --- these were new sectors completely undiscovered and with tons of low hanging fruits.  Facebook proved again and again that theirs was a very lucrative niche.  But cars have been around for a while, it's not like Tesla has discovered the holy grail of a car that will last forever and cost nothing to run.  Sure it is better than virtually all ICE vehicles. A few weeks ago a friend asked me if I would buy Tesla at $1,700 -- I thought no, I agree with the Motley Fool that there's some kind of craziness with the pricing of T...