S.O.L. - 13 Days Away
Standard of living worldwide could still rise.
Naturally, I am referring to the Standard of Living, the primary reason the world shows up to work and invest - both before and after disasters interrupt.
Lately, we've had every reason to forget this un-level playing field for disciplined longs, which I define as those who use cash, not leverage, to buy stocks and then refuse to let small losses become big ones, regardless of the reasons.
We don't use sentiment indicators at my firm, but perhaps you can calculate your own with this: how many folks who clicked on this article's title do you reckon assumed S.O.L. meant something else, and were looking for the schedule of arrival for a crash? Maybe we get one, but how many crashes were so easily recognized and carefully scrutinized?
What are the pro traders saying about your stocks? I wanted to share a different perspective (recently shoved in my face) along with a view through our lens from inside the market, instead of looking at the market.
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Thirteen days ago, Hurricane Ike ripped across the Texas coast, and tore right through Houston where I have lived all my life and seen many storms - but nothing like this one. Folks from other parts of the country may not realize that the fourth largest city has been nearly unlivable for almost 2 weeks.
My partner and I decided the morning after the storm that while everybody was cleaning up and hoping for the best, we needed to clean out and plan for the worst. We headed out to one of our back-up trading bunkers 200 miles away, ironically on the beach, which was un-scratched by Ike.
I wanted to share a different perspective (recently shoved in my face) along with a view through our lens from inside the market, instead of looking at the market.
And as I recorded those headlines, Congress was spending several hours deciding the fate of the world's economy as we know it in the same room in which it investigated Roger Clemens' whereabouts during a barbeque at Jose Canseco's house.
Strange year? That all happened while my power was out over the last 13 days alone.
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