2/13/2026
Fist full of Dollars
https://www.youtube.com/watch?v=4niv522mbtM&list=RD4niv522mbtM&start_radio=1
For a Few Dollars More
https://www.youtube.com/watch?v=DT1NJwEi6nw&list=RDDT1NJwEi6nw&start_radio=1
Good Bad Ugly
https://www.youtube.com/watch?v=enuOArEfqGo&list=RDenuOArEfqGo&start_radio=1
2/13/2026
Transports Take a Hit
Charles Dow first published his Industrial and Transportation index in the mid-1880s. the Industrials manufactured goods and the Transportation companies moved them. Cable TV business shows detail for the Industrials, SPX, NASD, and NDX. The Transportation and Utility index are not quoted on the ticker. Typically the Transports lead the direction of the market.
Yesterday, Thursday, a former Karaoke machine seller, is now a supply chain guru. Algorythm Holdings announced that Artificial Intelligence would improv efficiency in the trucking business. The market reaction was immediate.
C H Robinson dropped15%. Expeditors International dropped 13%. The overall Transport Index dropped 5%, recovering to minus 4%. The DOW dropped 1.3% or 670 points. The NASD dropped 2%. Understand these are not year to date drops, these are one day declines. Markets are modestly higher today. There is always a fundamental event to validate the technical picture of the market.
I have warned of over valuation for months but this is the first real warning. The situation is quite similar to the dot.com peak of March 2000. Then the NASD tacked on 3,500 points from 1998 to 2000. That was on top of the 1500 points which took from 1982 to 1998 Maximum mood comes at the end of a market run. The thinking was that every dot.com would be wildly successful. They weren’t. The NASD then lost 75% falling to 1500 two years later.
This time Nvidia and the Magnificent Seven stocks are all the rage. AI is the new dot.com mania. Now an ETF of the Magnificent Seven is down 10% this year. A clear sell signal will be when the major indexes drop below the November low.
Home sales fell 8.4% in January. Snowstorms and sagging confidence led to the drop.
The energy news is ala bout Russia’s diminished prospects. Ural crude is now trading at a 25% discount to Brent. Ural crude is now priced at $45, well below the $59 needed to balance the Russian budget. It is estimated that there are 143 M Russian barrels floating in ships around the world.US and European sanctions have closed the Indian markets. Buyers are extracting the heavy discount when and if there are sales. If unsold, Russia will have to halt production due to lack of storage. The bottom line is that revenue is not enough to support the oil fields. Russia really has no consumer economy, just crude oil. It will be more difficult to sustain the Ukraine war. Things look bleak in Cuba. Cut off from Venezuela oil and set adrift by Russia, everything from electricity to gasoline to food is in short supply. The US plan to regain the Western Hemisphere is working.
www.professorelam.blogspot.com
2/12/2026
Transport Index
Here are the two big losers
Expeditors down 13.25%, off the lows,
Already this year CH 11 for Saks, First Brands
Today Blackrock drops $400M on a private equity loan see prior post
Tricolor CH 7 overnight, forget Plan B
EY issues a critical audit matter over Meta moving a $27 B data center off the balance sheet, the last big company to do such was Enron with its Special Purpose Enties SPE
Sudden bankruptcies, stocks drop 14% in a day and these are not crypto or MEME stocks, real companies.
NDX
2/12/2024
I would say he is splitting hairs not blaming due diligence, more follow up he says
The facts below
2/12/2026
Wednesday Feb 18, 5 30 - 8 00 PM San Antonio Institute of Management Accountants will have a
two part program The first hour will deal with managing family owned business. The second hour
will present the current state of the SA accounting job market. That hour should be of great value to all
accounting students. Click on the link to see the program and register.
2/11/2026
Texas State Board of Public Accountancy
Webinar for Texas Accounting Educators,
CPA Exam Applicants, and Accounting Students:
CPA Exam and Certification Pathways for Texas |
February 27, 2026 | 10:00 AM (Central time) |
The Texas State Board of Public Accountancy invites Texas accounting educators and advisors, along with CPA Exam applicants and accounting students, to participate in an important webinar focused on recent changes to the CPA Exam and certification pathways in Texas.
Why Educators and Advisors Should Attend
This session provides timely insights to help educators advise students and stay current on administrative changes to requirements for the CPA Exam and certification.
Why CPA Exam Applicants and Accounting Students Should Attend
This session provides information to assist applicants and students understand the education and work experience requirements for the CPA Exam and certification.
