Sunday, June 1, 2008

Boomer litmus test

Here’s a quick litmus test to determine whether you truly are a Baby Boomer: who is older, you or your financial advisor?

Not convinced? OK, who is older, you or your doctor? Had you noticed?

Gregorian chants are enjoying a renaissance, says the Star-Tribune. Want proof? Both Amy Winehouse and Snoop Dogg recently inked contracts with Viennese monks to record an album. Not bad for music sung in a dead language. Wait. You never heard of Amy Winehouse or Snoop Dogg. Then, friend, you could be older than the chanticleers of the Middle Ages. I know -- wrong use of "chanticleers" but it sounds right.

Two reasons you don’t want to try and time the stock market:
--Average decline in a bear market since WWII has been 30 percent.
--Average rise during recovery has been 120 percent.
That’s according to the Leuthold Group, an institutional research gang in Minneapolis.

To become a master falconer requires seven years of training. Seven years. Perhaps that explains why there are only 12,000 top guns in the whole world, 6,000 in the U.S. alone. The Chinese pioneered the use of hunting birds around 600 B.C. Hawks are considered more cooperative than falcons or eagles. So they claim.


The South Plainsman said...

Well, I am not a Boomer, nor are you or the Mystery Woman. We were born before the war, while the Boomers started in about 1943. My doctors are all Gen X, as are all of our children. My how time flies.

As for Amy and Snoop...wonder what their rap sheets look like.

Market Timer said...

Of course you know: Lose 30% on an investment and it takes a gain of more than 40% just to get back to where you were before the loss. Both the loss and the re-gain take significant time. Time is money. Loss is money. I choose to avoid the loss...

There are signals at tops and bottoms, such as sentiment (when all about you are balanced on window sills, buy...when they are boasting and tipping big, and national magazines imply the market cannot be stopped, sell). Volume validates a trend.

Sitting on the sidelines during an "average" loss of 30% saves you...well, let's see -- 30%? Nah. Actually, the 40% mentioned before.

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