They are asking about individual stocks again.
I only take a handful of days off a year, something that one day has to change. When I do it is back to the old routine of hanging around town -- Summit -- and seeing my friends and checking in on the merchants and the stores for the holidays while going to my favorite sandwich shop for lunch.
I know it is all anecdotal but something happened this time that hasn't happened in years: People asked me about individual stocks. No I don't mean "how about a tip?" I get that as a joke pretty much all of the time and I am forever grateful that I remain part of the firmament.
But this time it's the kid at the sandwich shop who is proud he bought Disney (DIS) at $106 and doesn't want to take the $13 profit. It's the woman at the mall who is asking for a blessing to buy Verizon (VZ) . It's the guy who wants to be sure that he isn't missing the rally by buying laggard tech. I actually found myself discussing Western Digital (WDC) with someone.
Western Didg for heaven's sake! That's something.
Now nobody's cocky. To a person, people are concerned that once Trump actually starts being president the mistakes will be made. But the fact is that people want knowledge and they want ideas and they want to own, not trade.
It's almost as if there's a national blessing to like stocks again.
I just thought I should pass it on.
Oh, and by the way, a la my pal Dougie Kass, I have been telling them to buy Action Alerts PLUS name Allergan (AGN) . It's right even as it has been so wrong. There's been some brilliant acquisitions with real, plug-and-play drugs that are being totally underestimated. Good to see that Doug, agrees, too.
Random musings: Happy holidays to all and I am so gratified that so many have stuck with us or have now just started with TheStreet. Great to have you, as always!
