Despite all the happy talk going around, the current "bull market" is in reality nothing more than a bear market rally as can be distinguished quite easily by paying close attention to the underlying economic health. Businesses are reporting conditions that cannot be mistaken for good news in any sense of the word. If you need more convincing you need not look any further than the following:
1. shipping
2. employment
3. housing,
4. credit
5. banking
as well as a number of other indicators.
And it will not take too long for this grim news to be reflected by Wall Street. If you will be honest with yourself for a moment, you will have no alternative but to come to the same conclusion. This is not meant to be trading advice but rather a simple observation, which needs to be acted upon with the help of a qualified professional.
The key word here is qualified. If you find yourself in the presence of one of the many "buy and hold" proponents, you need to run the other way as fast as you can. It will not be an easy task finding someone who has the wherewithal to be innovative enough to lead you out of this economic abyss but keep trying you must. Your very life may very well depend upon it.
Excellent writing to help with recession in a delightful way, while mixing in beautiful graphics.
ReplyDeleteArt may bloom all the more in times which are sad for the masses. Coming to think of it, nature is not going to change in good or bad times, either.
Keep that stew on the fire...
Just have to say that I like the creative name for your blog (it fits the content perfectly).
ReplyDeleteYou have some informative posts here and your blog is perfect for the times.
Thank you both. I don't get a lot of comments and your generous responses are appreciated. In the Great Depression art did in fact bloom and items of higher value also. Fashion was focused upon as well, probably to divert attention from the sadness. I have touched on this a little but it may be worthy of dedicating an article to.
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