Well..... looks like you believers in Faceybook (FB) might finally be getting it right. Big day for them yesterday. That might just be the inflection point where people come back to the stock.
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On another note:
Rodger Lee (Ironworks) was up here (Bellevue, WA) so he and I could take a three day rally driving school called DirtFish. That fact has nothing to do with investing except that we discussed the difference in cost of real estate between Bakersfield and Bellevue. He was taken back by the high cost of houses and land here. To which I said "here's what drives that market".... "we" have a huge number of very large companies that pay (on average) large salaries --- which drives the price of housing. THAT got me going down a list of who's in the great Pacific NorthWET.
BOEING
MICROSOFT
AMAZON
STARBUCKS
NORDSTROM
PACCAR (Kenworth and Peterbuilt trucks)
EXPEDIA
T-MOBILE
COSTCO --- probably the lowest average pay by far
NINTENDO
ALASKA AIRLINES
HOLLAND AMERICA LINES
ZILLOW
WEYERHAEUSER
PEMCO
DENDREON
ZYMOGENETICS
These are just the ones I could think of offhand.... and for the most part -- they're located in the greater Seattle area. That's a pretty powerful group of companies for a "smallish" town/state. And I'm certain I'm missing some names!
Now to another point.... there's about a half a gazillion companies up here (mostly tech but certainly not all) that began life here ---- and managed to go public and make a lot of people a lot of money.
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