Throughout the years, Hollywood has consistently revamped Count Dracula and re-monstered Frankenstein in attempts to satisfy the public's desire for scary movies. However, these constant remakes mean that several fearsome creatures have yet to be featured in their own frightening films. Take for example the Monroe Monster of 1965.
There can be confusion when reports of great economic growth are met with stock market volatility. It is always important to remember that the stock market is forward looking, while reports of GDP growth are backward looking. We talked last week about “peak earnings”, and how that may or may not come to pass.
If you ever found yourself saying, "Hmmm ... yet another day has passed and I did not use the quadratic equation once ... very interesting ", then you might question the value of all that algebra you were forced to learn in high school and college.
We have been hearing rumblings over the past few months about “peak earnings”, the idea that corporate earnings have been so good over the past few quarters that going forward they must disappoint and go down. This has a certain poetic logic to it, and also a healthy dose of cynicism. However, we do not buy or sell based on projections.
The Notre Dame football team kept their undefeated record intact last Saturday despite some unsteady play from their quarterback Ian Book. Mr. Book has a lot to live up to at a university that has featured such quarterbacking luminaries as Paul Hornung, Joe Theismann, Joe Montana, and, of course, Johnny Lujack.
What matters and what does not? We stated in our Q3 2018 review that over the long term politics do not matter for equity returns. Remember that fact as we head into US mid-term elections. Who wins and who loses will not effect the long term equity market results.
While perusing the latest issue of USA Today or the Journal of Quantum Information, you may have come across the term "Schrodinger's cat" and wondered, "What is that all about? " Well, this section of the newsletter was specifically designed to settle such questions.
Able was I ere I saw Elba.
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