Good morning.
I'm BrokeThere is a strong desire to create a “wealth effect” of higher asset prices.  In a recession, the most direct method to higher stock prices is stimulative actions provided by Federal Gov’t deficits and Federal Reserve quantitative easing.
The tally thus far dwarfs the measures taken in 2008 and the results for the market has been startling for experienced investors.  However, how much potential stimuli is already priced into equities and how far can the big tech companies be pushed?  Nobody knows the answer, but the past week of trading appears to be indicating we’ll find out sooner rather than later.

Now here’s the rest of the news:

 

July 22, 2019

“The pessimist sees the difficulty in every opportunity; the optimist, the opportunity in every difficulty.”

Our lives are far more enjoyable – certainly more instructional – if we view each thing that happens to us as just that – a happening.

Remember, it’s not what happens to us, but our response to what happens to us that makes the difference in the quality of our lives.  I believe, as do many, that everything that happens can be a lesson; every adversity can be a blessing.  The following story illustrates this well.

Anthony Burgess discovered he had a brain tumor and only six months to live when he was 40 years old.  He was distressed that he had nothing to leave his wife who was soon to become a widow.  He decided to write — something he’d always wanted to do.  The potential royalty from a book was the only thing he could think of doing to leave any kind of financial security for his family.

By the end of the first year and with no certainty that he would ever be published, he finished five novels.  But he did not die.  His cancer went into remission and then disappeared altogether.

In his long and full life, Anthony Burgess went on to write more than 70 books.  Without the death sentence from cancer, he might not have written anything.

“There is no education like adversity.” – Benjamin Disraeli

Next time things don’t seem to be going the way you want, ask yourself what the positive aspect is.  What’s the benefit in the adversity?

You’ll have greater enjoyment and learn more in the process.  🙂

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