Heretical Thoughts And Doing The Unthinkable
Heresy!
The Dow rose 222 points on Tuesday – or just over 1% – and everyone was exuberant…but things have not turned out well since. We agree with hedge-fund manager Stanley Druckenmiller: This is not a good time to be a U.S. stock market bull.
Legendary former hedge fund manager Stanley Druckenmiller at the Ira Sohn conference – not an optimist at present, to put it mildly.
Speaking at an investment conference in New York last week, George Soros’ former partner warned that…
“…higher valuations, three more years of unproductive corporate behavior, limits to further easing, and excessive borrowing from the future suggest that the bull market is exhausting itself.”
But we promised to return to the scene of our crime today. In these pages, we recently committed heterodoxy… even heresy! We don’t know what got into us and we are deeply sorry for our misdoings, the remembrance of which is grievous unto us…
… but in a moment of weakness (oh, ye gods of democracy, why have you forsaken us?) we dared to question whether voting makes any damned sense. We concluded that it didn’t.
We don’t know the candidates well enough to know who is really better. We don’t have any idea what challenges the next president will face, nor which candidate would be better equipped to deal with them. We don’t know if the candidates believe what they say they believe or whether they will do what they promise to do.
We only know our vote, statistically, won’t make a bit of difference. And that we don’t want the “lesser of two evils.” And that we don’t feel any obligation to play this game! Dear readers canceled their subscriptions… and heated up their irons.
…click on the above link to read the rest of the article…
