I’m ignoring today’s action in favor of several dozen sandwiches. I’d like to relay that message to all of you.
As you sit there panicked, almost haunted, by the stock exchange, “The Fly” will be devouring sandwiches whole, without any bites. Sure, there are lots of cross-currents in the short term. Take OSG as an example. Two weeks ago I was “on the boat”. Now I’m not and it’s sinking. Coincidence?
I think not.
We all have enemies, some obvious, other opaque. I dare say we share a common enemy: uncertainty.
Uncertain about our life-spans, longevity of relationships (business and personal), the way we deport ourselves and how said deportment is perceived by others, etc. In my estimation, all forms of uncertainty are legitimate reasons to lament, worrying about the prospects of our respective futures. Howsoever, when it comes to stocks, on a broader outlook, I think it’s fair to say they will go higher, no matter what, over the longer term. It’s all we have to look forward to, as a nation and once great society. It’s the great facade, a picture painted perfect on a rotting interior.