To the Editor:
I’m interested to see what happens early next year after all of the holiday partying and spending (“Stocks Beat the Odds This Year. Why They Can Do It Again in 2024,” Cover Story, Dec. 15). What are all those credit-card bills going to look like? We are also seeing large defaults in our student debts and a Jan. 19 federal budget reckoning. We also have millions of illegal immigrants to support as well as two wars. Maybe that’s why the Fed is predicting interest-rate cuts next year?
Mark Genuario
On Barrons.com
Alibaba, Not So Much
To the Editor:
I invest in companies for two reasons: a share of future profits via dividends or capital appreciation caused by an increase in the value of the company if it were sold (“Barron’s 10 Favorite Stocks for 2024,” Dec. 15). It doesn’t matter that Alibaba Group Holding is sitting on $1 trillion in cash: The Communist Party will never let those funds leave China, and it will never allow the companies to be sold.
Michael McAuliffe
On Barrons.com
Why So Dovish?
To the Editor:
I’m with Felix Zulauf: There’s danger out there (“Don’t Count on a ‘Soft Landing’ in 2024, This Market Veteran Warns,” Up & Down Wall Street, Dec. 15). Question No. 1: Why, in the face of a strong jobs report and an inflation report a long way from its 2% goal, has the Federal Reserve suddenly become so dovish? What is it afraid of?
Gene Sweet
Chicago
EV Problems
To the Editor:
As the electric-vehicle market tries to expand, it has two major problems. One is pricing, as your article clearly stated (“Electric-Vehicle Stocks Have Gotten Slammed. What Investors Should Do Now,” Dec. 15).
The other problem is charging, and there are two issues with that. The first is an insufficiency of public charging stations, along with the reliability of these stations and the time it takes to charge there. The second is overnight charging at home. Will the millions of cars parked on the street or in the driveway have cords running over the sidewalks and lawns to the house? Plus, the potential market is a lot smaller than the EV makers think.
Donald Donnelly
Naples, Fla.
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