Question of the Day|
If you could toss a bottle into the ocean, and know it would be found 98 years later, what would you want to say?
I look forward to hearing from you and sharing your thoughts.
An island lost at sea, oh
Another lonely day
No one here but me, oh
Any man could bear
Rescue me before I fall into despair
Message in a Bottle
I'll send an SOS to the world
I'll send an SOS to the world
Last week, Guinness World Records confirmed a bottle found in Scotland was the oldest ever. Launched on June 10, 1914, along with 1,889 others as part of an experiment by the Glasgow School of Navigation, the bottle is the 315th retrieved. The boat, piloted by a Scottish fisherman, is named "Copius." I can't help but find something interesting about this as some things are abundant while many others are not.
Talking smack is abundant. From politicians, pro athletes, and Mark Zuckerberg, there is a lot of smack talk going around. The Facebook founder began a public relations rebound with a mea culpa of sorts, but also confident talk about its mobile platform. The stock popped above $20.00, but many chinks remain in the armor.
In the meantime, the stock market is at a near five-year high in the most amazing stealth rally in history. I've said all along to separate the market, individual stocks and your concerns about the direction of the country. Two are going to hell in a hand basket, but the other is rocking as if reaching a new all-time high is on its bucket list.
Credit goes to great American companies and central banks. The money printing machines are ready to go on blast, and even as there is less faith about this medicine helping the economy, it is designed to inflate everything in its path. It fans out like a virus, and while job creation has been immune, and housing is only beginning to exhibit signs of succumbing, stocks are always susceptible.
Today, we get word on whether Germany's lawmakers are okay with all this money printing and the role sugar daddy Germany has to play. Yes, those selfish workaholics are footing a large part of the bill for their welfare-addicted neighbors, but they get something out of the deal, too. Germany will have a readymade market for its finished products, a source for raw materials, cheap labor, and a currency that could never be as strong as the Deutsch mark.
Then there is Big Ben and his decision on Thursday. Obviously, many will say he's revving up the presses to keep his job with a late spark to the economy that could make the difference for his kindred-spirit in the White House. I will not be that cynical. The Fed chief knows of no other way to make this economy move other than to flood it with dollars. And, in case you haven't noticed, the economy is moving like a piece of driftwood.
Rescue the Nation Before it Falls into Despair
If I throw a message in a bottle this morning will the world lament about the highest paid school teachers in the country quitting on children because they don't want to be evaluated? There would be a mention about the abandonment of God. There might be something about the "War on Success." But, there would also be a part that says I will never give up because this country has never given up, and despite its failings and current vulnerability, the goal of a more perfect union has always steered the correct course. It's not socialism, it's not demonization and it's not a giant welfare state.
The next 24 hours is all about money printing on both sides of the Atlantic.
The Euro is surging, and stocks are ready to enter a rally phase based solely on inflation. It can be a dangerous time that sets us up for a double-digit correction down the line. And while I expressed some anxiety yesterday, please do not take that as a signal to get out of the market. On the contrary, remember that when Alan Greenspan talked about "irrational exuberance" that was five years before the market crashed.
How to Play This
Ride the wave in two ways, still seek out longer term investments, but also do more trading than you normally would. I'm not talking about day trading, but there could be a lot of short squeezes and spikes that could generate a lot of money in a short period of time.
Was there ever any doubt that the German court would go along with the idea of the €190.0 billion emergency fund? The highest court in Germany has stipulated that parliament will be able to vote on increases, which means recipients have to do more than complain about "fairness" and actually roll up their sleeves to get to work and stop spending money they do not have. Of course, the Greek plan of attack-refusing money with stipulations-is being used by Spain, but they're going to take the money.
Now, it's the countdown to Ben Bernanke.
While we wait, the Street will keep an eye on Apple to see if this iPhone actually matches anticipation.
A day after the anniversary of the worst terrorist attack in American history, tragedy hits in Libya. Four Americans, including the US ambassador and two marines, were killed by a rocket fired by protestors. I have too much to say about this to squeeze it in now, but God Bless the victims and their families.