THAT THING

A very famous golfer said, "it is hard to describe it...you have to have that thing that separates you from the rest of the field." He went on to talk about concentration, work ethic and good habits. And when you lose it...it is really hard to get "it" back. That is the system/ life...part of the competition day in and day out. Losing is part of winning.

A big research house said, "A true secular bull market in equities in coming years is unlikely without a secular bear market in bonds and a good rise in interest rates. Additionally, A bear market in bonds and an increase in dividend yields is necessary to bring retail investors back to equities."

We agree.


Montana's state motto: Oro y plata (gold and silver)

Their State animal is a Grizzly Bear

We are on the sidelines. There are too many losers with too much power....and they will need to run their course now....rarely have we seen, read or heard of more negative trailing or coming data.

Stocks will be higher 3, 5 and 10 years from now ending their 12 year bear market. Bonds (their value) will be lower... ending their 31 year bull run.

Danny Boy seen here likes to play ball.