THE BEAR DRONES ON

yo!.. seize the dough.. innit!

REASONS TO BE CHEERFUL

russia to build own Iran drones..

yield curve inverts..

sticky inflation..

crapto collapse..

buffett rule - stocks still 166%

fed hawkish..

qt..

recession warnings..

stagflation threat..

eps falling..

8 billion souls..

climate change..

zero covid policy..

challenging world order..

santa rally surely..

gamblers still buying..

IF NOT NOW WHEN?

some think that..

this time it's different..

that the fed will stick to it's guns..

others think..

what are the chances?

ME

I think I will wait and see..

I was too early in 2000..

on time in 2009..

but never got fully invested..

I made a good call..

in 2020..

but again failed to fully profit..

I don't have the time left to mess around..

with this casino..

where the house has got it rigged..

we are all awaiting..

some great puke..

you can feel it coming..

but nothing happens..

FALSE BOTTOMS

and..

political meddling..

interest rate suppression..

and ever expanding debt..

bail outs for all..

NEXT YEAR WILL BE DIFFERENT

at any rate it is possible..

if earnings per share..

fall..

and interest rates stick..

and currencies correct..

and politics keeps out..

and yields rise further..

and demand dissolves..

buyers disappear..

the great pundit says..

wait for it..

the bottom ain't yet in..

then maybe a real buying opportunity..

will come along..

again..

but..

THIS IS PALOOKAVILLE

and any day now..

slowly then suddenly..

sooner than we think..

we may wish..

we had been more careful..

about what we wished for..