02-FEBRUARY 03-2022

Shouts CLOWNGood morning.
The latest jobs numbers showing a decline in job growth represent the worst downside since April 2020.  Even worse, it’s a sign that employers are finding ways to do more with fewer employees.  While some of the drop may be attributed to the Omicron variant in the short-term, it may also be a sign that workers are no longer able to see big gains.
This could be the start of the end for the Great Resignation trend, where workers left jobs in record numbers.  The further drop in enhanced unemployment benefits over the past few months were expected to help normalize the job market, but now it may simply show that either employers are once again gaining the upper hand… or that both workers and employers are about to lose out in a sign that the overall economy is deteriorating.
Traders should continue to look for wild swings in the stock market while this new trend in the jobs market plays out.

Now here’s the rest of the news:

10 Clues To Where Gold’s Price Is Headed In 2022
The Fed’s finally closing its wallet, no longer giving unlimited quantitative easing.  This change is also primed to make the markets reassess both stock prices and the risks that they offer. [Read Here]

Fed Rate Hikes Ahead What That Means For Main Street
The main tool the Fed uses to fight inflation is increasing rates.  They planned to do this three times in 2022.  But now only one month into 2022… [Read Here]

February 03, 2021

TenureGood morning.
Over the past year, Barstool Sports founder David Portnoy has developed a following with his daily comments and views on the stock market.  He once even bragged about being a better investor than Warren Buffett.  But while that was true in 2020, 2021 hasn’t worked out so well.
Investing in “meme” stocks like GameStop and AMC Entertainment, which have been dropping this week, Portnoy sold out his position with a $700,000 loss.  His followers may do likewise.  But there is still one bright spot for retail traders, however: Robinhood lifted trading restrictions on GameStop shares, which partially reversed a massive drop in shares yesterday.  GameStop was halted on the way down and on the way up at different times of the day.  This saga may not be over yet, but it’s certainly slowed.

Now here’s the rest of the news:

The Biden Jobs Purge –Andrew Stuttaford
Keystone XL would’ve sustained 11,000 U.S. jobs, and $1.6 billion in wages, in 2021.  Given Biden’s climate crusade, there will be many more job losses…

February 03, 2020

Are You a “Taker” or a “Maker”?

New Newfoundland Home

Want to know the secret behind great achievers?  It comes down to mindset.  For Benjamin Barber, an eminent sociologist, once said, “I don’t divide the world into the weak and the strong, or the successes and the failures… I divide the world into the learners and non-learners.”  And while there are different ways to categorize mindsets (e.g., fixed vs. growth), when it comes to leading a life of significance, we like to think there are two kinds of people: Takers and Makers:

  • Takers are those who take, grab, and consume what they can to meet their own needs.  Takers operate with a scarcity mindset.
  • Makers are those who give and make things happen.  Makers cause progress and foster success in others.  Makers envelop an abundance mindset.

In his classic book The 7 Habits of Highly Effective People, Steven Covey explains the concepts of abundance and scarcity beautifully:

People with a Scarcity Mentality have a very difficult time sharing recognition and credit, power or profit — even with those who help in the production.  They also have a hard time being genuinely happy for the success of other people.

The Abundance Mentality, on the other hand, flows out of a deep inner sense of personal worth or security.  It is the paradigm that there is plenty out there and enough to spare for everybody.  It results in the sharing of prestige, recognitron, profits, and decision-making.  It opens possibilities, options, alternatives, and creativity.

The good news is that if you find yourself deeply rooted in a Scarcity Mentality (which most people are), you can make a “paradigm shift” to an Abundance Mentality by changing your thoughts and mindset:

Scarcity Paradigm

1.  Defense
2.  Escape loss
3.  Safety
4.  Maintain
5.  Fear
6.  Tight
7.  Gifts are contained
8.  Reactive
9.  Paralyzed
10.  Narrow/closed
11.  Stagnation
12.  Win-lose

Abundance Paradigm

1.  OffenseRight-Paradigm
2.  Pursue the vision
3.  Risk
4.  Create
5.  Faith
6.  Generous
7.  Gifts are released
8.  Proactive
9.  Dynamic
10.  Wide/open
11.  Multiplication
12.  Win-win

So, when reading over these points… I feel it’s very hard to do a complete 180… but maybe instead try to shift slowly or say to yourself, “I can be better in this area”… finding one maybe two things where you can “shift” to the other Paradigm.

To a Better You … 😉

February 03, 2019

Sunday is another Fun-day!

My check_up … from the neck_up!  😉

IMG_0712
Come From Aways, Do You?

More Posts

05-MAY 15-2022

Today “small town” in Newfoundland is… Salt Harbour. May 15, 2021 Struggling … how to break bad habits? “Nothing is impossible.  The word itself say, ‘I’m possible.’” –Audrey Hepburn There’s no one single reason why we struggle — to break bad habits, achieve our goals, or excel in our desired domain — but more often than not, the biggest challenge is sitting between your two ears. Yes, your mind is incredibly powerful, and quite frankly, it’s a double-edge sword.  The stories you tell yourself, the things you believe about yourself, and the way you talk to yourself can either be

05-MAY 14-2022

Today! May 14, 2021 Good morning. One year ago, oil prices went negative as traders feared that the pandemic would lead to prolonged drops in oil use and got caught in trades they couldn’t get out of.  Today, oil and gasoline prices have held up well in inventory reports.  However, supply issues remain in the South and up and down the East Coast, even as Colonial pipeline paid a $5 million ransom to the hackers who shut down their system.  A number of states have declared emergencies as supplies have run low. It just goes to show that oil, one

05-MAY 13-2022

Good morning. Meme stocks are back!  Well, sort of. A spike in companies like AMC Entertainment (AMC) and GameStop (GME) occurred yesterday.  GameStop was even halted multiple times on the way up (but not on the way down).  Oddly, this may be an early sign that markets are looking for a short-term bottom, given the sharp reversals higher. On CNBC, analyst Jim Cramer came out against the traders of meme stocks using sites like Reddit’s Wall Street Bets, to find the meme stock opportunities in the first place.  Tough words for someone whose television show features sound effects.  But for

05-MAY 12-2022

Good morning. The good news?  Inflation has slightly slowed on a year-over-year basis, for the first time in seven months.  The bad news?  It’s still high at 8.3 percent.  And it came in higher than expectations. Looking at the data shows some reasons for the unexpected strength.  Most components of CPI still rose more than 6 percent in April.  But soaring food prices – which we’ve warned about fairly often — were a big contributor.  Another big move higher was record airfare prices, as high fuel costs and a reopened economy drove prices up. The data doesn’t give too much

05-MAY 11-2022

Good morning. Typically, growth stocks lead the market.  That’s because these companies have the ability to scale up rapidly, and one of the best signs of a stock heading higher over the long haul is increased earnings. Yet every few years, value stocks have their time to shine.  A year ago, Warren Buffett’s performance as being derided.  Yet he’s buying stocks now.  In contrast, Ark Innovation, the hypergrowth fund managed by Cathie Wood, is now not just down relative to Buffett — but it’s underperforming the S&P 500 since its inception. Can these trends reverse in time?  Yes.  Will they

05-MAY 10-2022

Good morning. Any econ 101 student can tell you that there’s a lag effect between something like, say, the creation of trillions of dollars in spending, and inflation rates reflecting that.  We’re seeing that trend play out today, with the highest inflation levels in decades. The good news?  Some of that new money first went to financial markets, rather than in goods and services.  That helped keep many things affordable, especially during the initial lockdown phase of the pandemic.  But today, we’re seeing the impacts of those past lockdowns (and current ones).  And we’re seeing that handing out money directly

05-MAY 09-2022

Good morning. People don’t mind inflation when it hits things like assets.  When stocks and home prices are rising, consumers feel wealthier.  This “wealth effect” tends to be beneficial to spending, which then become a self-fulfilling prophecy. The 2009-2020 market rally started with this effect.  The bank bailouts propped up the banks, but didn’t cause inflation on Main Street.  Today, thanks to the stimulus measures during the pandemic, Main Street went on a spending binge.  That’s caused a reverse wealth effect as the prices of goods like food and utilities are rising at a rapid rate — but now asset

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment

Send Us A Message