I tried…. REALLY!
But when it was all said and done…. I FAILED!
It was truly my intention not to speak about the economic, social and political upheaval underway here in the U.S. and abroad. I wanted the “Don’t Worry, Be Happy” crowd that makes up much of the financial services industry to have a pass from me from Thanksgiving to New Year’s Day.
But with one day until I go into “working vacation” mode, I COULDN’T KEEP MY TRAP SHUT!
The list of bearish fundamental and technical factors for U.S. stocks is larger than Santa’s list. This article speaks to just one of numerous growing warnings about holding large-scale U.S. equity ownership into 2016 and beyond.
Peter “Blind-Squirrel” Grandich has begged and pleaded to avoid any real ownership of high-yield bonds (junk bonds, especially funds that own them). This latest news is just the tip of the iceberg.
Another “blind-squirrel” feat was on oil prices. I received numerous inquiries about is it time to buy? This article notes the supply-demand scenario appears not ready to turn favorable. Please don’t get too bored on the sidelines, as those that stayed long oil hope it’s just coal in their Christmas stockings and not liquidation notices.
It only takes one look at the current price of gold to know I won’t be playing “Superman” anytime soon. But like a broken-clock, one of these years saying it’s incredibly undervalued compared to most other asset classes, shall turn out to be right. The only question is will there be enough lifespan left in yours truly to see that year?
I’ll leave the social and political comments for my New Year’s piece, but couldn’t pass on this joke circulating:
“What’s it like playing chess with Obama?” asks a top aid of Russian president Vladimir Putin.
Putin replies, “It’s like playing chess with a pigeon. First it knocks over all the pieces, then it craps on the board, and finally it struts around like it won.”
I saved the best news for last! My 30-year dream of making the most beautiful Jersey Shore town part of my daily life has been realized.
All the legal papers are signed and unless something out of the blue occurs, I will take possession of this storefront in Spring Lake NJ on February 1st. It shall become the home of Trinity Financial, Sports & Entertainment Management (my other two companies shall remain where they are for now).
Known as the “Irish Riviera” (and that title may not hold as it once did), I’ve literally, visited the town 1,000 times over 30 years. Now, through the Grace of Almighty God, my “golden” years appear destine to allow me much more than short visits – PLEASE GOD!
Blog postings shall continue but my office shall be closed from December 12th until January 4th.
Peace Be With You!