Thought for the day, plus some posts on the Stock Market, Finance, Politics, and Life!
“And in the end, it's not the years in your life that count, it's the life in your years.” - Abraham Lincoln
After the S&P hit a new intraday high Friday a week ago, it spent last week declining forming what is called a bull flag (see chart below). Then yesterday it broke out of the bull flag to the upside. Lets see if the uptrend continues next week. There is lots of news that will affect the markets next week, so we'll see what happens.
“A bad attitude is like a flat tire. You can’t go anywhere until you change it.” - Unknown
“Kindness is one of the greatest gifts you can bestow upon another. If someone is in need, lend them a helping hand. Do not wait for a thank you. True kindness lies within the act of giving without the expectation of something in return.” ~ Katharine Hepburn
“Just one small positive thought in the morning, can change your whole day.” – Dalai Lama
Know the power of saying, "Thank you." - Jonathan Lockwood Huie
“The only way to discover the limits of the possible is to go beyond them into the impossible.” - Arthur C. Clarke
"Many of life's failures are people who did not realize how close they were to success when they gave up." - Thomas Edison
“Only when life is difficult, are we challenged to become our greatest selves.” - Jonathan Lockwood Huie
The S&P had a very good week! It had a new high close on Thursday of 2954.18 and a new intraday high on Friday of 2964.15 (see chart below). Hope all of your portfolios are at new highs and you're feeling pretty good about your investments. Just remember that these good times can't last forever and you want to have the proper asset allocation to match your risk tolerance when the next recession comes!
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