Wow, what a crazy week in the markets last week was!

  • This is the stuff dreams are made of, literally.  Market swings = Opportunity 

  • The high, long road mindset will prevail. I love this volatility because I do not intend to use any of my equity returns for at least 20 years.  
  • “Things are different this time” can lead to very unwise decisions and manifest paper losses into real losses.  Once the losses are real you cannot get them back (excluding capital loss tax provisions).  
  • I am banking on a mid-race market sprint with a few body blows still to be felt.  The good news is that history would suggest that the markets stabilize and then recover before the economy does.  By all marks the US economy has a long way to go before recovery.  This will likely be measured in years or heaven forbid a decade or so.

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