Good morning.
The official jobless claims provided markets with a dour open on Thursday. The economy remains disconnected from the stock market near all-time highs. But, remember, bad news can mean good news. That’s because the worse things look, the better the chances the Federal Reserve will keep monetary stimulus measures in place. And if things get worse, a final fiscal stimulus deal may end up larger than expected.
Amidst this economic theater, expect the stock market not to drift too far from its highs, but beware for potential drops. That’s especially true with so many companies looking high-flying after the November rally. In any event, knowing how the game is played makes it easier to find profitable trades, both long and short.
Now here’s the rest of the news:
December 11, 2019
Revenue is vanity, profit is sanity, but cash is king. I don’t know if this is someone quote, but it has now become my Ownership Creed.
Ownership is the state or fact of exclusive rights and control over property, which may be an object, land or real estate, or intellectual property. Ownership involves multiple rights, collectively referred to as title, which may be separated and held by different parties.
The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one’s ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.
As it should be, Darren Hardy has a few words, “Creating An Ownership Mindset”
“Until you take ownership for your life, you will always be chasing happiness.” —Sean Stephenson
What I find astonishing is that just about every message written in this blog really boils down to a single message. The message is that YOU control your own life, your destiny, and your power. That cannot be taken away from you, as it is YOUR ownership of your life! 😉
