My interest in both illustration and the market may seem strange until you learn my grandfather was a painter and my mother was a savvy investor back in the day.
There have been times when the market had a relentless move up and a sick feeling developed in my stomach when I was long.
The first time was 2000 and the second was 2007. I got defensive enough both times to live for another day. The feeling came back again last year.
This is the strangest pattern I have ever seen. No ebbs and flows, just a steady low volume move upward since the fall. The best strategy has been to be blissful like Homer Simpson without a worry in the world. Obviously, Mr Market couldn't care less what I think. This move fits a chart from the late 30's that my advisor pointed out. If this pattern holds, ugliness will follow.
But for now, the market marches happily upward while asking me how it feels to be an idiot.
I should really stick to drawing pictures.
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