Wed April 23, 2014
I got ahead of myself buying the calls back, should have waited for the two hour chart to subside.I am guessing we have a minor pullback into friday which sets the stage for a final move up into early May.
Here are some socionomic confirmations of our five year anniversary top in the market.
Today's WSJ
Page c1 REcord Sale for Junk Bonds
French Bacle Frim st to Raise $11.6 Billion, another milestone
Five years ago no one would touch a junk bond, now they are in big deamnd, indeed Numeridcable Group has added another two billion euros to the offering demand is so strong
C4 Netrflix is back and raising prices. A few years ago the stock was hammmered for thisn now investors buy more realizing the subscribers will pay, a positive social moment
D4 Ferrari Challenge
IF selected, a group of four drivers will be able to purchase (hey we will let you!) a Ferrari 458 Challenge race car. Coaching, conditioning, drier practice, etc to the Rolex GT Series
Ferari Lake Forrest
Another sign of having arrived is having nothing better to do than race expensive cars, boats, airplanes, and so Lake Forrest rises to the occasion. Check out their inventory here.
In the 1920s - 30s there were also ways to isplay wealth. J Boats were 100+ foot boats simply bulit for racing. I believe these were the source of the famous comment, Where are the Customer Boats?
Speaking of Js, howabout the Duesenberg Model J, supercharged in the fateful year of 1932. It is surely ironic that the Duesie was supercharged juast about the time the Depression was at its worst. Indeed Auburn Cord Duesenberg was not able to survive the financial crush.
But then as now, there were ways to display wealth. I notice one J Boat was named Park Avenue, how appropriate. .....
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