Thursday, December 11, 2014
Cash Trumps Wall Street Bull this Christmas: Tales from Normal, Mn.: FICTION
Just got the tweet from the bass fishermen in Normal, Mn,,at Betty Lou's coffee shop, where all the guys have had a long coffee session since the weather has been so unseasonably mild that their ice shacks are very close to sinking into the water....and they have been glaring at the news on the old black and white tv over the coffee roasting machine that has been blaring out how stocks are plunging world wide....and they came up with a new indicator----the sinking ice shack indicator...that seems to sink just like their investments in 401K etc....and the old guys were mentioning the failure of traditional portfolio management in that when there are times of panic..Both stocks and bonds can plunge...and so the old guys just smiled and all vowed to never forget the mantra that they had learned as kids...."CASH trumps Wall Street BULL." Stay tuned as I follow this story.