In a second, we’ll get to the ADP and Challenger job numbers. But first, a discussion of context is in order. For those too young to remember, the term “drink the Kool-Aid” arose from the tragic events at Guyana in 1978. From Wikipedia: “”Jonestown” was the informal name for the Peoples Temple Agricultural Project formed … Read More
There is a Recipe to EVERYTHING we do in this Life. Very little – if anything – you do over the course of your life will be truly original and a product of your own creativity. Instead, we learn from other people. We collect “concepts” and “ideas” but the simplest way to lump concept, ideas, … Read More
Although we’re fairly sure that the all-time market peak will arrive as early as March or as late at September, there are certain “stars” we can steer by. We look at Housing, Gold, and Bitcoin prices this morning and make some observations about where these could head, and in turn, may drag the rest of … Read More
For about the eight-millionth time I’m going to remember you what week this is: June 27, 1929. The Hoover Rhyme will take office. The market will scream higher. Those left behind will stare in disbelief. Things will seem to be oh-so-good. And then it will happen: Then last damn fool will toss money into the … Read More
A word or two about how society goes through mood shifts is in order. As I scanned the news sources today I was struck by several stories that are demonstrating just how much of a reversal there has been over the holidays. A few examples? Sure… The Financial Times reports that Airbnb is facing $400 … Read More
(A one-piece report this morning due to holiday and markets being closed.) While many media outlets use the end-of-year period to go through too-many replays of last year’s news, we prefer to look “the other way.” That’s because once something sails by the ever-present Now, it’s gone and you’re left – as in golf – … Read More