Author: Henry Barnard
Sword of Damocles
I’m not at all a fan of Governor Cuomo, but I have to say that the way he is now being roasted for unwanted advances toward women show just how puritanical the country remains relative to men in office and their libidos. Even the slightest indiscretion toward women is considered a heinous crime where the male politician should be roasted at the stake. This issue hangs like the sword of Damocles over the exposed neck of every American male politician, and they all know it. But it is not the same for women politicians — another “inequality”.
One can only contrast this with the way the French view their male politician’s indiscretions — with amusement.
Thomas Wolfe
“You can’t go home again.”
Fresh Air
Some fresh air, for a change…
Biden’s Immigration Policy
Why Biden and the Democrats are not supporters of the American working class…and Trump is.
Growl
The bear market wakes up from hibernation.
Blue Sky Isn’t
In the early morning hours, the blue sky isn’t really all blue. Directly overhead is the deepest and darkest of the blue color, but as you move your eye down toward the horizon, the blue color gets lighter, and then close to the horizon it turns turquoise.
Bear Market?
Stock market seems stalled near the all-time highs. PE ratios are through the roof. Despite the Fed-fueled market, we have, in fact, a very deplorable economy, with high unemployment.
Beginning to feel like it is a bear market. You get sharp, fear-ridden drops, and very sharp, bear-market rallies that end up fading. Feels like that is about to happen. Look for these 1.5%+ rallies that end up fading after sharp drops. If that starts to occur, would not be surprised to then see a big 5% down day soon. That would really unnerve the market. That would mean the bear market has begun with a vengeance.
Everyone is thinking the Fed will save us. What if that is wrong? One thing you don’t want to do is buy the dip in a true bear market — what everyone has been doing now for 10 years.
The new mantra could be sell the rally — as in get out — and then go short. But watch for these sharp drops, followed by explosive rallies. Yesterday was kind of like that. The S&P actually went down sharply to 3805 and then rallied back to a decent gain before ending the day fading into a small positive uptick.
When the bear does start, all the buy-the-dip traders are going to be fooled.
Bird Song
On a quiet stroll, when there isn’t any wind to drown out their sound, listen to the bird calls as you walk along. You will walk from one original bird call to the next, and each will be unique and musical. If you keep your mind focused on the bird songs for the entire walk, you will hear quite an orchestration of musical notes. How many of these musicians would you overhear in an hour’s stroll? 25? 50? 100? But you have to stay focused.
Personalities
The introvert checks his phone at the end of the day and is pleased to see that no one called. The extrovert checks his phone at the end of the day and is disappointed that no one called.