China Automotive Systems inc (CAAS)

[Monksdream]

The PR this morning about increased sales pushed the stock to 9.60. Turned out to be a non event. The three leading Chinese electric vehicles traded higher in the morning session then spent the rest of the day declining. They're not going to zero by any stretch of the imagination.

The S&P 500 was mostly bullish. Over 230 listed stocks made new 52week highs. With such bullishness abounding, it is no suprise the number of listed issues making new 52 week lows came to maybe five. This means the junk is going up along with the profitable companies. A rising tide tends to lift all the boats, even the leaky ones.

Cloud computing stocks were among the day's big gainers. Many sport price tags in the hundreds of American dollars. But they continue to make new highs.

Airline stocks were among tbe best gainers, along with selected retail and restaurant issues. And cruise lines. The market is saying it is seeing the light at the end of the tunnel getting brighter. US citizens who want a vaccine should receive one by June. It will up the CDC and other health care data keepers to determine when herd immunity has been achieved.

More rhetoric about the evils of fossil fuel usage. What else is new? That rhetoric has been with us since before the hippie era years.

The conversion from fossil fuels powering passenger automobiles and commercial trucks is a daunting task. The required capital will be in the trillions as measured in US currency. This is a planet on wheels. I don't have the percentage ratio of humans versus the total number of fossil fueled vehicles on the planet. It could easily be something like 7 billion humans and 1 billion vehicles.