August 5, 2017

Let's Talk About Laziness

I've always been a terrible procrastinator. Whether it was doing homework, drafting a term paper, or studying for a test in high school or college, I always waited until I was super close to the deadline to get started. I've always felt that this behavior was lazy, unsightly, or if I forgot, my parents or friends would just tell me that I'm a lazy ass.

I know I'm not alone in feeling this way about laziness. Many people get the same sense of dread of having to start doing something they don't want to do. There are a million other things I could be doing with my time rather than a boring homework assignment. I know I'll have to do the assignment eventually, but I'm in no rush to do something that seems trivial or boring.

August 3, 2017

Let's Talk US Markets (QQQ and SPY)

The US market is on fire!

- SPY is up 10% YTD and QQQ is up 19% YTD!
- President Trump can't stop talking about the monster market gains and tweeted more about it in the last few weeks than he has since he took office: https://twitter.com/realDonaldTrump
- CAPE Shiller PE ratio is in record territory not seen since the Dotcom Bubble: http://www.multpl.com/shiller-pe/
- Over 70% S&P500 companies topped Wall Street estimates regarding revenues AND earnings: https://www.cnbc.com/2017/07/31/us-stocks-earnings-season.html
- The Atlanta Fed said the US economy expanded at a totally unexpected and gigantic pace of 4% in Q2 2017: https://www.reuters.com/article/us-usa-economy-atlantafed-idUSKCN18C20T

But the US market is way overbought/extended!

- SPY hasn't touched the weekly moving average in months!
- SPY has gone straight up since the Feb 2016 low, returning a whopping 27%!
- VIX is at a freaking 23 year low: https://www.reuters.com/article/us-usa-stocks-volatility-idUSKBN1AA205

What on Earth do you do with this insane situation? Bulls have a massive case. Bears have a massive case. Who is likely to win??

Let's talk about it in more detail in my next post.

Jory