Dumpy Dow!

Down 300+ points yesterday, eh?

I submit that EVERYONE is "longer" the stock market than they could possibly imagine.

I mean we've had 5 years of unmitigated upticks...

Every business, every household, every bank, every municipality, every pension fund, etc. is going to get blindsided.

It never ceases to amaze me how the mere theoretical value of unrealized market gains can be so comforting to so many.

I guess the analogy would be some nerd cruising through "school" with straight A's foolishly believing that they will be set for life.

I recently had a cab driver tell me that the stock market healthy.

And it reminded me of that day some 14 years ago I was in a cab in Philly at 6am....and the driver was telling me to buy QCOM!

Moving To London

Yeah. That's going to be our new residence in the South Kensington area of London. We are boarding the plane in a few hours.

Why?

To get away from Obamacare of course!

Kidding...

We orchestrated an ex-pat deal for my wife. So she will work there for around 12 months - I wouldn't imagine it being any longer, but who really knows.

The main reason is so that our kids can see a bit of Europe, i.e. educational reasons. We plan on traveling across the "Continent" often because flights from Europe, to Europe, are relatively cheap.

Almost every single person has said, "I'm jealous....it will be a great experience....and I'll come visit you there."

First of all, they weren't invited!

Secondly, most of these trash-talkers have never even visited us in NYC - which also happens to be A, if not THE, most amazing city on this overheated, freezing, doomed planet. And in NY they (theoretically) have free board.

Whatever.

We only have 1,500 sq feet and 3 bedrooms in our "flat". How much do y'all think that costs on a monthly basis? (Warning - it will turn your stomach.)

To read more about the thought process behind this move - visit the links at the bottom of this post.