Hindenburg omens. Market valuations. Record low volatility. And, I am only scratching the surface of all the reasons paraded before investors as to why this market is, in their opinion, “too high.”
So, is this time different? Have we finally conquered the business cycle and the stock market will rally on forever?
But, when article writers suggest that their old methods of market evaluation have failed them, and then conclude that we need to prepare for a market crash, it makes me question the logical if/then perspective of their analysis. (more…)
“Morning or night, Friday or Sunday, made no difference, everything was the same: the gnawing, excruciating, incessant pain; that awareness of life irrevocably passing but not yet gone; that dreadful, loathsome death, the only reality, relentlessly closing in on him; and that same endless lie. What did days, weeks, or hours matter?” ― Leo Tolstoy, The Death of Ivan Ilych
This is going to be one of those really personal, navel-gazing posts that I do from time to time. People seem to respond well to these, although I doubt it’s particularly wise from a business perspective to engage in such spleen-venting. After all, someone considering an annual subscription to Slope Plus might have second thoughts if they truly knew what I thought about day and night, so it would behove me, I think, to keep lying to you and pretend things are just peachy, even though they aren’t. (I will also note, early on, that I toned this post WAY down, since it was much, much darker before I sanitized it).
Another reason I hesitate on doing any posts besides those yammering on about stock charts is that I’d rather not give my detractors any pleasure in my own pain. I am an opinionated person, and the world hates – – absolutely hates – – a bear. You would never do what I do if you knew. I like to imagine myself spiritually lofty enough to love my enemies, but the sad truth is that I’d probably prefer that they be tortured to death. You would too, I imagine, had you been in my shoes for a little while. (more…)