Thank you for your readership and your comment.
Bk

Thanks for the read and comment. Understanding the Bitcoin phenomenon is way above my pay grade.

bk

Thank you Adam. I appreciate your readership.

bk

Justin, thank you for your comment and readership. The very best of the season to you and yours and may you have a happy, healthy and prosperous new year.

bk

Thank you Anne for your affirmation and readership 

bk

I think I agree. Thanks for checking In!

Thanks for checking in and thanks for your readership.

bk

Correct, the market went up yesterday and gave more than twice back today. My post goes into a lot of detail about the inflation we are experiencing. Energy and food are not something easily regulated by Fed policy. It seems to me that the market has its knickers in a twist over the possibility that the Fed will induce a recession. BTW the economic research Bureau defines a recession as two consecutive down quarters of GDP. On the surface that type of slowdown does not seem to onerous. Meanwhile, the market is acting like we are heading into financial crisis number two, some sort of new pandemic, or a horrible black swan event. None of this seems to be in the cards right now except for the black swan. Since you can't predict them I will assume for the time being the next black swan is not just around the corner as the last one, the pandemic, was such a recent happening. I see the current cyclical bear  market where the very stretched technology sector has really taken it on the chin to be completely normal in the context of a secular bull market. Lots of great opportunities are being created in this panic.my advice is to keep the faith and take advantage of the fire sale prices. As for jobs regardless of the price of gasoline, former burger flippers wages have gone from $10 an hour to 20/$25 an hour probably still feel like they've died and gone to heaven. Due to demographics higher paid more experienced workers find it much easier to trade jobs to better higher paying positions today than ever. The fact that your stock prices have gone down, as usual, May not be indicative of what's going on in the real economy.

The current panic in stocks which seem to represent a great opportunity to keep the faith as well as pick up some very interesting bargains. Again I would advise you to read my post thoroughly. There is a lot of positive perspective in that post that I agleaned over the past 50 years as an investment professional.

thank you for your comment.

bk

Thank you Anne. Sorry about the late response but I do appreciate your readership.

bk