David Shulman (November 12, 1912 – October 30, 2004) was an American lexicographer and cryptographer. (wikipedia)
I picked Mike because I know his talents as a creative artist,
We were a bubble team; this was a signature win. Hopefully, we'll be able to get in.
Expect 2006 to be far more volatile than 2005.
For example, 1970, 1974, 1982, 1990 and 2002 were recession years and 1966, 1986 and 1994 were associated with mid-cycle slowdowns.
I think the movement in the bond market is probably short-term but it still probably has a little bit to go.
We got a green light last month when the Fed decided not to raise rates, then we got another green light when the bond market rallied last Friday, ... The balloon is still blowing up. I'm staying defensive. I still say the bubble is going to break. I just don't know when.
We got a green light from the Fed last week and we got a green light from the bond market in Thursday. My sense is that over the next three to six weeks the market is going higher. But I would be thinking more in terms of selling rather than buying here.
The ingredients are in place for a nasty correction,
It is no accident that some of the best years economically over the past 45 years have been the presidential years of 1964, 1968, 1972, 1984, 1988, 1996 and 2000. Even 2004 wasn't all that bad in the light of history.
My sense is the next correction will be serious.
