Abby Normal
* The markets, that is…
From the ridiculous:
Dr Frankenstein: Now that brain that you gave me, was it Hans Del Brooks?
Igor: No.
Dr. Frankenstein: Would you mind telling me whose brain I did put in?
Igor: Abby someone.
Dr. Franksenstein: Abby, who?
Igor: Abby Normal – I am almost sure that was the name.
Dr. Frankenstein: Are you saying I put an abnormal brain into a 7 1/2 foot long, 54 inch wide gorilla?
– Young Frankenstein Abby normal scene – YouTube
To the sublime:
“Something is rotten in Denmark.”
– Grandma Koufax
The market’s (daily and intraday) volatility and absence of memory from day to day suggests, to me, that something is awry. At the very least, the inconsistency and lack of predictability of the market (again from day to day), feels like the markets are becoming more casino-like.
Amazon ($AMZN), up $5+ yesterday, down $5+ today. Or Walmart ($WMT) -$11 (the consumer is faltering as I suggested in my Diary this week — and wasn’t the investment case that WMT is positioned ideally for AI advances?). And, of course, the daily gyrations of memory and chip stocks.
This backdrop is great for opportunistic traders, not so great for the buy-and-hold crowd.
I have been wrong about the markets, but I have little interest in gambling with my Limited Partners’ hard earned capital — even if there are continued opportunity costs — as I feel the wheels might fall off of the U.S. stock market at any time.
Position: None
