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For the Love of Money Is the Root of All Evil
We watch what people do with their money more than we believe what they say. We do not read their lips, but watch their slips.
We note Big4 market leaders are short the leading market indices, as they have been for almost a month. It takes Big4 a long time to distribute overpriced merchandise to greedy retail buyers born again every minute.
Incidentally, we had an interesting conversation regarding the Big4 Big Picture on New Year’s Day, with a prominent forecaster we respect, partly because he has more subscribers.
Yes we noted the earlier comment here someone lost money and blamed it on him. We respect his market acumen and note his strong money management disciplines. When he is occasionally wrong, he takes a quick loss, unlike many amateurs. He is quick to adjust, so we often look at his day trading short-term positions for market price level and timing.
While we’re at it, we freely, happily post another market analyst whose original exhaustive quantitative work we admire. He may feel similarly about our qualitative work. His current market opinions arrived parallel to ours, with much different methodologies.
The best fruit may be harvested at the end of the branch. The best seafood may be caught fishing where no one else is. Following the crowd down the rabbit hole may be a curious recipe for mediocrity at best, and catastrophic failure at worst:
They expect overall deflation and unemployment as we do. One expects this overall trend to be punctuated by sudden hyperinflation like Berlin in 1923, when an ounce of gold bought a city block of skyscrapers, or Argentina and Russia, when people suddenly stopped getting their paychecks or pensions and only those with gold or dollars prevailed.
