Woodstock was held during a pandemic
May 13, 2020
The year was 1968. We were locked in bitter struggle in Vietnam. In January, we got completely surprised by North Vietnam’s Tet Offensive. That was arguably the low point of the entire war. By April, we had over 540,000 troops there. 16,899 troops were killed by year-end. Against that backdrop, Martin Luther King was assassinated. … Continue reading “Woodstock was held during a pandemic”More >> More >>
“A large stampede typically eliminates everything in its path.”
Mar 19, 2020
There were many elements to what happened. First among them was the length of the bull market. At ten years it was the longest bull market in history. That means we’ve watched the longest bull market in history unwind in just four weeks. 3,650 trading days unwound in just the past 30 days. It’s been a stampede.More >> More >>
What headlines from 9/11 tell us about today
Mar 17, 2020
The headlines can be frightening –
“Health officials warn US is at a tipping point.” – CNN
“San Francisco Bay under ‘shelter-in-place’ order” – Fox News
“Tom Brady announces he’s leaving the New England Patriots.” – CNBC
With headlines like these, no wonder the market is getting hammered. People are scared. And when people are scared, they tend to shoot first and ask questions later. It’s understandable.More >> More >>
Bernie Sanders vs. Coronavirus
Feb 27, 2020
Bernie Sanders had just taken the lead in the Democratic primary. America’s version of Jeremy Corbyn looks set to become the Democratic front-runner for President of the United States.
I could already see the commercial Trump would be running in every retirement community across America:
SERIOUS NARRATOR VOICE:
“Bernie Sanders wants to eliminate private health insurance…raise taxes on the middle class…ban fracking and put government in charge of energy production…make college a taxpayer entitlement…offer free healthcare to illegal immigrants…and raise spending by $50 trillion over the next ten years.
A vote for Bernie Sanders is a vote to cut the stock market in half…
A vote for Bernie Sanders is a vote to cut your retirement in half…
You’re not insane.
Vote Trump for President.”More >> More >>
The Income Secret Nobody Told You About
Jan 17, 2020
This is what it looks like when opportunity comes knocking.
The kind of opportunity that comes along once every decade. The kind of opportunity experienced investors wait for.
And like all new opportunities, this one won’t last forever. In 3 years from now, it will be on the front page of the Wall Street Journal. In 5 years from now, everyone will be doing it.More >> More >>