"And this ring is where this great old tree survived a forest fire Billy" with apologies to Gary Larsen.
A Bank of America branch in a double wide trailer? Really?
We are big coffee people and we got a helluva mocha in the town of Hood River.
Wikinvest Wire
Wednesday, July 08, 2009
Goings On In Oregon
"And this ring is where this great old tree survived a forest fire Billy" with apologies to Gary Larsen.
A Bank of America branch in a double wide trailer? Really?
We are big coffee people and we got a helluva mocha in the town of Hood River.
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3 comments:
Roger,
great pictures. When I was working in Sicily, the bank that I used at that time UniCredito was in a trailer half the size with two employees. In Milan and in Switzerland some banks are like a regular office. The banker has a desk and you sit on the side of the desk and all operations are done that way, in a friendly office manner.
Regarding the market and its movement everyone has been thinking that a correction should last only 17 months 20 months and so on. I like to point out that in 1835 after the market top the market went down for 6.5 years into 1841-1942. So after such a generational bull like we had from 1979 to 2007 we may not see a long-term bull market for another 3 years. That will take us into 2012. Yes we will get a bear market rallies. However not like the one we have seen of 38%, since this is the first of many others, before we get a new generational bull market. To me this is a trading market where you get into some selected stocks make 5%-10% profit and run, then wait for the next hit. So far this is what I have been doing. For the non-professional that does not want to trade, perhaps, it is better to look for a better strategy that will protect the principal. One must keep in mind that it is not going to happen all in one day. We are talking about years. When the euphoria is back then time to sell, and when the real panic of lower prices time to buy. I agree it is a very, very difficult market and not for do it your self, but for professionals.
Oil yesterday touched the high 59, and now 61. Perhaps we have touched the equilibrium of low 60s.
Best,
Jeff from Milan Italy
Correction 1841-1842
Jeff from Milan Italy
Clive Corcoran is the first person I have seen post the chart going back to 1801 (or something like that). I struggle with those comparisons because of how different everyday life was.
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