Hello CB, <<I don't look at days or even weeks for my projections>>
… I look at what I think other folks are looking at, and then I look at something else I believe the others may not be looking at. I do not pre-judge, and I do not discriminate. I enjoy bullish stories. I appreciate bearish scripts, for they are just bullish for something else.
<<For some people (you?), the day-to-day noise is information>>
… Day-to-day, week-to-week, all the way up to decade-to-decade and era-to-era achamchen.com .
As an electrical engineering student, I had to look at noise, for even that was information.
<<Some even (DAK?) trade based on minute-to-minute noise>>
… DAK seems to do OK, and he was the one on SI most directly responsible for getting me moving away from my USD position a few years ago. It is undeniably a good move, in hindsight, so far, without having to consult dusty books and musty archives, patiently or for any considerable period.
<<To me, day-to-day and minute-to-minute is always and only noise>>
While I cannot agree with the absoluteness explicit in <<always and only>>, I can understand what you are saying.
I think stocks will be just fine over the long term, as an asset class they will not disappear, and they buyers will be OK, as long as the buyers diversify, across time, geography, sector, industry, company, and focus on quality.
I think even folks who can neither understand macro, nor get the hang of micro, or balance their own assets/liabilities will be able to do fine, as long as they are disciplined in their approach, and as long as they treat their homes as a financial asset, to be managed, trimmed and harvested along the way, and average into the equity market, because in the long run, the world still goes around.
Besides, the risks are so widely spread, probably thinly, across the whole of financial-scape, if one event truly goes wrong, all financial-scape will be negatively impacted, and the officialdoms will necessarily step in to do something to right what should not have been.
I am considering buying some AIG, Ebay, and GE, along with some 10 year T-bills to balance off the risks.
Chugs, Jay
Message 19997550 |
