Is That a Bear Market that’s Growling?

The debt deal they needed was alas passed and the market sells off? What?!  The perception globally is that we are going deeper down the rabbit hole, and as my good friend Glenn Beck loved saying “and that’s not good….”

The problem remains that we the greater western world, Italy, France, Germany, UK, Ireland, Portugal, Brazil, Japan, Greece, CANNOT make a thingamergig at a price that competes with the going global rate for thingamergigs…  Yet printing and bond sales have kept the sheeple of these fine democracies so doped up on debt that they don’t fully realize the effect of bad thingermagig sales. But factories in Ohio do, and so do Detroit… and so do all those small towns and business across America. These nations are busy (in a scramble) to send their kids to school to earn degrees in countries they will NEVER use. We owe money and we have no means of paying the world back, - short of paper and ink, as we cannot compete with .76/ hour.

We have too many needs (see the movie WALL-E).

The leadership of these democracies ours included is old men who are severely out of touch with any concept of job creation or the necessary action required to adapt to be globally competitive. China with a centralized government and Russia too have less layers of decision making and therefore able to effectuate change more rapidly and more effectively, Democracy around the world is failing, the endless debate, chatter, posturing, and service to political patrons has sold us out to

Monsanto and the so “healthcare industrial complex” long ago in the 1950’s.  

We have become a society plagued with the inability to rapidly and soberly assess our predicament and or the willingness to make decisive change. A society spoon-fed our beliefs from the likes of TV robots and political clones.

We have paired back exposure to The US Market significantly, and may continue to do so or be more defensive.

The recent several months market activity may yet turn out to be nothing more than typical summer activity as many are vacationing leaving less liquidity and weaker markets … time will tell

But, should we change trend and begin a Bear Market, we will embrace it, and seek to own positions or otherwise to benefit from it as we have in the past. We have no desire to sit there and let 2008 unfold or buy a Citi from 35 on hope only  to see it go .97 on reality and do nothing.

We are not here to disbelieve whatever may happen in the markets… only to accept, and be fluid with it to the best of our ability.

I am just a guy who avoided 2 bear markets, if this turns out to be new one

I’ll wear a bear suit,- not tell people to hide their money in Europe and the Pacific… that won’t work  just see their indices overnight, worse than the US.

And just as the markets went down today….

Remember , - they go up too 

And really what they do “day to day” is unimportant… what is more important is the trend.

If I feel its changed I will seek to be in tune with it.

 Cause that’s what I do.