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Weekly Writing 2018.12.21

So, you think you have had a bad year? Worldwide assets went from being down 1% in 2017 to down 93% in 2018. That, my friends, is having a bad year. How about 2019? Most analysts believe economic growth will be in the neighborhood of 3% real growth. Being the grumpy old man that I am, this seems overly optimistic. The stock market, for example, is a discounting mechanism. So maybe the worst is behind us in this market. Probably not.

 

As Davey Crockett said when he lost an election in Tennessee: “you all can go to hell, I’m going to Texas.” Remember the Alamo? How did that work out for him? Anyway, I’m off to Texas for the holidays. Have a Merry Christmas and a happy New Year.

 

 

 

The Best,

Don S. Peters

Information contained in these commentaries is based upon information obtained from sources both external and internal which we consider to be reliable, but the accuracy of the information and the recommendations contained herein cannot be guaranteed, nor do they constitute a solicitation for the purchase or sale of any securities mentioned herein. Information contained in this commentary may not be reproduced in any form without written permission from Donald S. Peters.