I’m busy logging off everything and filing the last few pieces of work, before turning down the lights in my 9th floor office, and setting foot out the door.
This weekend, some friends and I are going deep into Canada, for some downhill skiing and proclivities. In another hour, I will head to a meeting with a client, and from there you can be guaranteed I’m not coming back to work.
Enjoy your long weekend, but take warning before it comes: you cannot expect the events unfolding today to not have ramifications. I understand S&P has a poor track record, and that also most of you are chronic followers. But price inevitably comes from developments in the real world.
The market may rally through bad news on any given day. But if will not rally through bad news on every given day. Eventually, this shit will catch up with people.
Much of the end of 2011 was based on the perceived “cheapness” of stocks in terms of their recent earnings. But are those earnings going to hold up to the test of time?
If you disagree with me when I say we are going much lower, well then that is your prerogative. But you could at least have a cash cushion set aside for when you are wrong.
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Deep into Canadian? Vancouver by any chance? Skiing is great here. 😉
I understand completely; everything is fucked. I can’t explain the market, but I don’t need to explain it. Quite honestly, I’m not smart enough to explain it and neither is anyone else. Just go along for the ride and you’ll be fine.
Keep in mind, this year has been pretty warm(At least in Vancouver).
Have fun!
The market is a conundrum right now. In fact, it’s quite fascinating I think. The key is as you said, having some cash, and if you are a seasoned trader of this market, you have cash. I am still long a very small amount of ERY and SKF and have not added to my shorts yet.
Please pick up a few 1oz maples for me as you wander “aboot”. Very few maples and eagles available for sale in the midwest.
I like what you guys tend to be up too. This kind of clever work and exposure! Keep up the good works guys I’ve added you guys to blogroll.
Hiya! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone 4. I’m trying to find a theme or plugin that might be able to fix this issue. If you have any recommendations, please share. Thanks!
Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say superb blog!
Hiya! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone 4. I’m trying to find a theme or plugin that might be able to resolve this issue. If you have any recommendations, please share. Thank you!