November 26, 2021
It’s been 624 days since “15 days to flatten the curve,” kicked off the part of the pandemic where the economy was deliberately shut down. Unlike a light switch, however, it’s not the sort of thing to start back up again. Trillions were spent propping up the economy with extended benefits and stimulus checks.
The labor market is improving but still in disarray. Inflation and job demand has pushed up wages, creating a “Great Resignation.” And for all the time, effort, and money spent to create these new problems, those fortunate enough to invest in the stock market or own a home saw the value of their assets soar. In the meantime, 2021 has now marked more Covid deaths since all of 2020, even with a number of vaccines and treatment options.
The data is clear: the world overreacted to the pandemic, and economic consequences will take time to fully work out. In the meantime, the world has learned that when it comes to investing, all traders need to do is go long and buy any dip along the way.
Now here’s the rest of the news:
The Motherlode of Market Warnings –Dr. John P. Hussman, Hussman Funds
Across four decades of work in the financial markets, and over a century of historical data, I’ve never observed as many historical indications of a market peak occurring all at once… [Read Here]
November 26, 2019
Good morning, and happy Thanksgiving.
There’s something refreshing about a holiday centered on abundance and gratitude. This year more than ever, it’s a wonderful time to pause and count our blessings. While 2020 may not be the year initially envisioned, the world has made some remarkable progress.
In less than a year, we’ve gone from identifying a deadly pathogen to dealing with a global pandemic and lock-down to developing several vaccines. We learned the dangers of shutting down the entire economy, and how to speedily reopen — or keep things digitally open as much as possible. We saw the first market crash in over a decade. But as it was swift and sharp, so too was the subsequent rebound. So we have a lot to be grateful for, including our wonderful readers & customers who have been with us on the investment journey this year. Have a wonderful and safe holiday!
November 26, 2019
All companies have to deal with the law, and changes to the law can radically change the valuation of a company, often in an instant. While there’s a lot of fear in the healthcare space going into the 2020 election and various proposed changes in that sector, we can see this effect at work more quickly elsewhere.
London revoked the operating licence it issued to Uber, causing the company to lose its largest market in Europe. The city’s transportation division announced that it discovered over 14,000 rides in 2018 and 2019 that were unauthorized. The company has 21 days to appeal the revocation, and can continue operating until then, but the clock is ticking.
** ** **
“A Strategy to Help You Free Flow”
Nobody wants to stagnate.
I would rather thrive and be lively … than dying a slow miserably “smelly” death.
I’ll leave you with a river cruise photo shared with me from a dear friend.