I love America. The first words of The Godfather, and three words also deep within my heart. In spite of my distaste for many of its inhabitants (present company excluded), the ideals of this nation are dear to me, and, as on every 4th of July, I read the entire Declaration of Independence with a lump in my throat.
I, too, would like to share with you this magnificent clip from John Adams, in which Paul Giamatti’s character meets King George to try to mend the obvious rift between the newborn U.S. and Britain. It is an extraordinary scene, and I’ve read that this is one of the very few instances where every single word was written down, and those words are precisely presented here:
No less an authority than Tom McClellan went onto CNBC (“The Network That Never Knew a Bear Market”) yesterday to declare that the bull market would just keep rip-roaring away another year. Maybe. Maybe not. I wanted to show a couple of ETFs which I’m short that suggest otherwise, at least for the short-term.
The first one is the emerging markets bond fund. Doesn’t exactly look healthy, does it? This is by far (by an order of 10 times) my biggest positions, and I’m cheerfully holding onto it.