Saturday, December 8, 2018
Are You Tired of Winning Yet?
I don't have the numbers to back this up but I've heard that the United States is now outproducing Saudi Arabia and Russia in oil and gas. Well, now drillers have found another big deposit. Are you tired of winning yet?
Thursday, December 6, 2018
Men Never Ask for Directions
So, where are we on this chart?
As of this writing, the US stock markets are undergoing a correction (-10.3% off their recent high). If you're a fan of the markets, I'd like to ask this question. Look at this chart and answer this question: Are we in the Bull Trap over have we gone through Despair and are at Return to the Mean?
My answer is, "I don't know". I think markets are peaking when un-involved people in my orbit start talking about them and I'll use 2006-2007 real estate markets as an example. Many people were talking about flipping houses as a sure-fire way to riches. Oops.
So, again, where are we?
As of this writing, the US stock markets are undergoing a correction (-10.3% off their recent high). If you're a fan of the markets, I'd like to ask this question. Look at this chart and answer this question: Are we in the Bull Trap over have we gone through Despair and are at Return to the Mean?
My answer is, "I don't know". I think markets are peaking when un-involved people in my orbit start talking about them and I'll use 2006-2007 real estate markets as an example. Many people were talking about flipping houses as a sure-fire way to riches. Oops.
So, again, where are we?
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