Just time for a quick follow up to my March 11th blog, which nailed the March 10th low. Since then, we’ve had multiple follow-through days, however volume has been suspiciously low, which could, actually, be interpreted bullishly (in a “double bluff” kind of way, to make a poker analogy).
Just a quick post to mark the first day of a new rally attempt, lead by financials, lead by Citigroup (NYSE: C). Look for follow-through (or failure) next week. I am slightly exposed to this rally, but not “all in,” especially with me living out of a suitcase for the past month (and for another two months). Cheers!
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Not sure who wrote this (if you know, please put the credit in the comments), but I like it. Received it today from a friend in London.
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“The Financial Crisis in Terms I Can Understand”
Heidi is the proprietor of a bar in Berlin. In order to increase sales, she decides to allow her loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
Word gets around and as a result increasing numbers of customers flood into Heidi’s bar.
Fourteen months have gone by since I wrote the following letter, on December 21, 2008, the day after my wife Susanne’s godfather, Hugo, died, at his home in Gothenburg, Sweden.
I’ve wanted to share it for a long time as a memorial to Hugo and to remind myself, and maybe help others remind themselves, that life is beautiful, that we need to cherish it, be kind, pay it forward, live in the present, and generally try to do no harm and leave this earth better than we found it.
The reason I publish this letter today is two fold:
Today at my parents’ house in Cambridge, Maryland, USA. Looks pretty, but the snow is wet, heavy, nasty!
BTW, for those of you who don’t know Izzie, she is my parents’ dog, a 9-year-old Doberman. She is extremely sweet. Here’s a pic I took of here a few years back.
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