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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Fiscally Conservative who wrote (17955)3/17/2016 11:54:38 AM
From: John Pitera2 Recommendations

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Fiscally Conservative
roguedolphin

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I don't know.. Charles Millnard of Citibank is talking about the $78 Trillion Pension short fall and he is saying that the public is not seeing the iceberg under the water (underfunded Pension Plans)..

we're thinking of bigger concerns regarding ice.... when they celebrated Art Cashin's 75th birthday two Weds, ago at 3:45 at the NYSE...cnbc and the exchange had a group gathered around and they poured Cashin a Large ice filled glass of Dewar's for his birthday... that day or the following Friday Cashin was joking that it would be tough to keep the ice cubes from melting over the weekend. ( I assume an inside joke to them melting in a glass of scotch or another adult beverage).. (The most affable Mr Cashin, who turned 75, God bless him... would always joke when interviewed after the 4th of July holiday..... " I had a fifth on the fourth"..... always brought a smile to my lips... even though I don't drink these days.

and now these days Bloomberg keeps posting articles on 2015 being the hottest year on record and 2016 is starting off very very hot... I was watching CBS last week and they were showing so much of the polar ice cap disappearing this past winter... the scientists who go up to the Arctic each winter were talking about ice cap reduction 3 times the size of California if I heard them correctly.

definitely a problem... I know on the Atlantic coast the water down on the Florida coast is appreciably higher than it was 8 to 10 years ago on a consistent basis.

bloomberg.com

so I suspect half the crowd is wondering If we have enough Ice socked away for the sweltering heat of this summer.

You know we had a named tropical storm in January..only the 4th in 152 years.... and I was watching the training effect of the moisture continuing to push into Louisiana and East Texas including Houston last week....

I believe we are setting up for a big time bad Hurricane season this year,,,, we've already been looking at Insurance Property and Casualty Insurers and some of the big ReInsurance companies as bad investments.... very likely possible shorts due to the perfect storm of the paltry returns they are getting on their investment portfolio's with Interest rates so low... and the uptick in big payouts .... with some of the nasty storms that I'm predicting are very to highly possible this year.

John
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