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investment site. Do not make any investment, financial, job, career,
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you may have read here.
All my posts are done quickly:
there will be content and typographical errors. If anything on any of
my posts is important to you, go to the source. If/when I find
typographical / content errors, I will correct them.
The US equity market was insane today.
I mean, for heaven's sake, even ELMS was up today and earlier this week it was reported that company will run out of cash this month if it can't find new suckers investors gamblers.
When you look at the market today, concentrating on oil, UNP, and GM, and ignore the tech and meme-stocks, one can only come to the following conclusions:
- the gap between investors and non-investors will continue to widen;
- investors like dividends:
- investors are convinced that the Fed will be very, very careful when raising rates;
- Americans can handle $10 gasoline; but, investors know gasoline will top out at $7 and fall back from there;
- investors like what they see regarding the strength of America;
- Congress will tread carefully before passing a windfall profits tax;
- Target was an anomaly; doesn't reflect Walmart at the low end and Amazon at the high end;
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Apartment Life
Our rent went up significantly this past month, but it's a 15-month lease, and I have no concerns, at least not yet.
However, the silver lining in this cloud: a lot of twenty-somethings living on the margin won't be able to afford the rent and will move out. Taking their attitudes with them.
To be honest, and I always am, I have no idea how some of these twenty-somethings were able to afford this apartment complex before the increase in rent.
If it continues like this only plumbers and usaf lifers will be able to afford rent in South America (south Texas)
ReplyDeleteSenior officers among the USAF lifers. The vast majority of military veterans cannot live only on their pensions. The real secret to a great retirement was living well below one's means and investing beyond one's means.
DeleteWe live in high-rent area of north Texas. You are correct: it would be better in south Texas. But I have no complaints.
It's interesting. The official paperwork shows that I was in the USAF for 30 years and one day. That's less than half of my life, well less than half my life.
On top of that, the years we were in Germany, Turkey, England, Africa, Japan -- more than half of our 30 years and a day -- can't really count except as one big adventure.