I’m still defensive. I don’t trust any of it. Interesting, some analyst said the market hadn’t done this since 1987. That got my attention. That was the last time people shot their stockbrokers.
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Buffett said he doesn’t bet against America
…I am on his train…
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I don’t bet against America. I’m at the age where I can’t afford a 20% decline.
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Totally get it. I’ve been boastful on this thread but damn…back of my mind is always a bit nervous about the economy based on what we’ve seen over the years.
And now this…Bank of America saying things are good…that’s got to be a bad sign, right?
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Tom McClellan often has interesting analyses — here’s another one —
https://twitter.com/McClellanOsc/status/1688761947985211392
a couple of the replies are interesting, too…
The yield curve first inverted in April 2022 and again in July. We are already past 15 months.
Recessions are like sharks, you don’t notice them until they bite you on the leg
That’s very true.
Got a Stock tip from a patient yesterday. He likes Kinder Morgan (KMI) not because he thinks its going to pop but because it pays a very nice dividend.
I’ve owned it for a number of years. They cut the dividend and have slowly brought it back. When it was $13 Warren Buffett started buying so I bought more. Climbed over $20 but always drops back to the high teens. New CEO, we’ll see how that goes
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Michael Bury has bet a combined $1.6 billion puts in SPY & QQQ
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That was a good read this morning. I am curious how it all ends especially the depopulation part. How do you reverse that? 35 million more males than females that is crazy. Lots of lonely dudes out there.
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Please don’t encourage New Yorkers to move to Houston.
I move here from New York in 1976. Hasn’t Houston learned it’s lesson from that?
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When that pirate, Mark Mobius, was complaining he couldn’t get his money out of China, that should have been a warning that it was swirling the drain.
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