Krypto did a bit of work early this morning and found for orders from the machine. She wants to buy quite a bit of US stocks and some emerging market stocks and sell some gold. These moves are a bit larger than the ones a couple weeks ago. These are fairly strong signals and will bring the Krypto Fund back into balance.
Anecdotal talk has the baby boomers doing a bit of panic selling, not wanting to re-live the 2008-9 pain. We know that the Euro-beefers are doing much panic selling and the US beefers are, too. Their year's are now a shambles. For the sake of openness, Krypto Fund is down YTD by 1.89% after being up a bit over 7% not too long ago. Sigh ...
Volatile times. People just can't seem to calm down and get to work. Perhaps living in a bunker is good for the nerves. After all, when one is prepared for Armageddon and civil strife, why worry about the stock market?
Verizon landline workers go on strike. Hmmm ... that's a declining business. The company wants them to pay at least $100 per month towards health care. Uh ... hello? Are these people out of their minds? The union kool-aid must be rather intoxicating.
Word of the Day
"Enthymeme" - noun [$10] Logic
Enthymeme means a syllogism in which one premise is not explicitly stated. [e. g. an argument where a 'commonplace' is ijmplicitly assumed]
Sentence: Until this spring and summer, all debates over the US debt ceiling were rational enthymemes with a premise that neither side would permit a default on US debt obligations. The Tea Party's dishonorable willingness to use US debt holders are human shields in their fight has permanently hurt America's credit standing, and also changed the terms of the debate. Disaster looms if radical left Democrats adopt similar dishonorable stances.