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February 24, 2021
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19 comments:
It's Joe Biden.
But probably more brain left.
If his thumb was sticking up, he'd look just like a hitchhiker.
Needs a necklace.
Those holes in the back look like someone came along and punched him----hostility !!! Kind of funny to think that people are ambling by and getting out their aggressions.
More likely it's just pattern in which it melts.
I am truly amazed no one has given him a dick.
Today is the spike in the Dow Industrials. The only element missing yesterday. Could be a good time to liquidate stocks since they are the most overvalued in our financial history.
But how does one sell stock in a world where the government is giving almost everybody free money? Won't they all be buying Gamestop and those others? Prices will never come down, will they? Never.
It is probably a good time to lock in some profits, but not a good time to go short. You really do need to see a major sentiment change to do that. I am going to have to make some decisions soon as to what to do. Other than a brief in and out foray into stocks last March and April, I have been in intermediate and short term government bonds since January 2020. The intermediate bond fund is still ok, but the short term one has started to run out of yield. The long term government bond funds have come down about 20% from their peaks late last Summer, but I am still a little afraid to start buying them with the 30 year at 2.22% still. They breach 3%, then I might be tempted to allocate to them.
I tried some stock puts last Fall pre-election, they were losers and I haven't tried again since.
I rebalanced to less volatility, added some bonds and improved my cash position to cover three years of expenses. Also, went to cash in the two oldest grandkids' 529 funds. If that's not good enough we're all screwed anyway.
I notice technology stopped participating some time ago.
I think today's spike in the Dow Industrials is it. Last 40, 50 trading days since the start of the year have an unfavorable look to them on several indicators. A number of sectors have stopped participating.
The SPX is about 25 points away from matching the DJIA with one more (last?) high. Maybe they'll do that tomorrow. But there's no law that says they have to match up. The SPX reflects the weaker relative performance of some of its groups.
Blogger Kai Akker said..."I think today's spike in the Dow Industrials is it."
Keep predicting it. Eventually you'll be right.
I'm also skeptical of the 30,000 Dow. I foresee inflation in our future and servicing all that stimulus debt is gonna be a problem.
But, good news today!
I've been taking profit and converting to bonds and other short-term options; enough to live on for 7-8 years. I think the next market decline could easily last that long.
"I am truly amazed no one has given him a dick."
He's been given many dicks, each bigger than the last.
But people keep taking them.
A sculpture created to amuse those who pass by. It is the stuff of human life. A moment's time, before it melts. We like to amuse each other.
Yancey Ward said...
It's Joe Biden.
************
The microcephalic look apparently has many thinking of Dementia Joe.
A snow hat.
I see Winston.
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