I have my own opinion, of course, but the only opinion that matters is your own. Surprisingly few retail investors have an answer to my question when I ask them for their assessment. This risk-reward ratio is a cornerstone of investment theory. One of the questions I've been asking myself lately is this - what happens after the wall is finally breached? There can be no doubt that eventually it will happen, but what comes next? Experienced investors have considered this question and many of them have a good idea about how much upside the market has, and how much downside. Whether you're on the side of the British soldiers bravely charging ahead under the command of Henry V or the French soldiers vigorously defending their heavily fortified wall against a potential breach, this is an interesting battle of will and determination. If you believe this, maybe you should take a night class in Macroeconomics. It feels like we're riding a huge gravy train where there is no limit to how much we can spend because we just put everything on Uncle Sam's credit card. Nobody appears to have the courage to stand up and say "enough already!" But that's what they should be doing. This idea of unlimited debt, via printing money, has caught on amongst our fearless (feckless?) leaders in Washington. Deficits don't matter, as Dick Cheney informed us during the Bush administration. can handle before inflation rears its ugly head? If you listen to the Bulls, the answer is no. A dovish Fed is good for the stock market, as the story goes, but what about the mountain of debt and the exploding deficits that have been happening lately? Is there a limit to how much debt the U.S. In my opinion, discretion is the better part of valor and I'm raising cash in stages in client accounts.īulls point out that the Fed has now backed down from its mission to shrink its balance sheet and raise short term interest rates. The flattening (inverting?) Treasury yield curve is troublesome at best, and a significant warning of recession at worst. But the Bears have more data to support their view that valuations are stretched. Bulls say that the market is fairly valued, and they might be right. Where is the next stimulus going to come from, they will ask. The injection of adrenaline from last year's tax cuts have begun to wear off. The Bears will tell you that corporate earnings are slowing for good reasons. The Bulls will tell you that the market can, and will, look past this earnings slowdown and carry on to make much higher highs before the bull is finally put out to pasture.
#Henry v once more unto the breach professional
This isn't an opinion, it's the consensus of professional analysts who do this for a living. First there is the issue of weakening corporate profits. There are other forces at work that should be pointed out. Here “breach” means gap, and by “unto” we mean “into.” In common expression, this phrase implies that one goes into the battle again, no matter whether it is a real battle in the battlefield, or a battle in daily life one should always try again. On the other hand, the king urges them to attack again, and demonstrate courage. His troops disrupt the gap in the city walls and fight against the defenders.
The literal meaning of this phrase is “let us try one more time,” or “try again.” King Henry speaks this phrase to encourage his soldiers, who are launching an attack on through a gap or breach in the walls of Harfleur. He encourages his army to attack the city again by uttering these famous lines: “Once more unto the breach, dear friends, once more / Or close the wall up with our English dead.” Meaning The scene begins in the middle of the blockade of Harfleur, as King Henry’s army has blown up some French fortifications. This phrase appears in Act-III, Scene-I of Shakespeare’s play, Henry V.
0 kommentar(er)
