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I mentioned that the dow is up 5 days in a row. Good retail report from the US. The general perception that most people overcompensate - that fear is the primar
by ojbyrne 18y ago
I mentioned that the dow is up 5 days in a row. Good retail report from the US. The general perception that most people overcompensate - that fear is the primary emotion in work right now. My paycheck. My net worth. Interest Rates. Gas prices. Spent the weekend in Montreal, and there were crowds everywhere. The feeling that while the US is the sick man of the world, we're all a lot less dependent on the US than we were even a year ago. Several people expressing the same opinion to me - that it's a US problem (including americans who had come to Montreal for the primary purpose of partying, secondary purpose of shopping). My paycheck. My net worth. That I booked 2 more trips this weekend (home for Christmas, vacation in February).
I'm not an economist, but I'm optimistic based on my own bank account. And I've got validation from other people around me, who have the same (rapidly growing) bank accounts.
And in general, I'm a contrarian. I was at the center of Web 2.0, and my general perception was that it was almost entirely fake. I'm suddenly optimistic, because all the fakesters have been exposed.
That enough?
- DenisM 18y agoThe DOW growing for 5 days does not mean anything - it can go up for 5 weeks in the middle of a depression: http://dshort.com/charts/bear-markets.html?four-bears http://dshort.com/charts/bear-markets.html?four-bears Most of the rest of your data is all at micro level - you and a few friends. In any climate there is someone who is doing well, and while this single data point is important to you it's not really meaningful for me. I'm just checking to make sure I didn't miss any macro signs of recovery. This retail report is a bit premature.
- ojbyrne 18y agoAt this point, it's all about pessimism. It sounds like you're right in the heart of it. Probably somewhere on the east coast of the US. Me I'm not there. I'm going to go blow a few grand.