The longest day of the year has arrived but most of Europe has already been sizzling for the past few weeks. Down here in Spain we regularly have been touching the 35 Celsius scale which is about 95 Fahrenheit for all you metricphobic North Americans. Although I love to bitch about the cold during the winter what really irks me the most is the insufferable summer heat here in Valencia which unfortunately comes with a ton of humidity – we’re talking 80% plus at times. Which is quite different from the dry desert like heat I had gotten accustomed to living in California for about 20 years.
How far we have come over the past few years whilst getting absolutely nowhere. I mused just yesterday that it feels like as if we are living in one giant economic, cultural, and social bubble in dire need of a needle. Everywhere I look I see nothing but rapid inflation and boundless exuberance. What once may have been a slow and barely perceivable progression into an utopian brave new world, where nothing matters and everything carries a price tag, has at this point become utterly pervasive and is now rapidly making its way into all aspects of our personal and professional lives. But the most recent and increasingly bothersome symptom of what I deem to be a de facto generational [...]
Time is keeps flying by and its pace only seems to be accelerating, at least on my end. I remember writing a Christmas holiday post not so long ago and now we’re already starting to roll into various Q3 contracts. What happened? Where did time go? I think that’s the curse of being a trader – effectively your time is spent mostly looking and thinking ahead. It becomes a mental pattern and I often have to force myself to switch off my brain and simply focus on the here and now.
I know how you feel and I’d rather spend another day enjoying the late spring weather myself. But alas the markets wait for no man or woman and there’s work to do. Always remember: showing up is half the battle (unless people are shooting at you). The equity front is looking interesting this morning, however due to the lack of participation late last week we’ll need to watch the open as it’s still too premature to consider any entry opportunities.