In my younger days I was usually one of the last people to leave the party – any party. Because my parents liked to go out on Saturday nights, many of the parties took place at Chez Downtown.
In my early twenties, living in New York City on a six figure income, the parties got wilder and stretched out into whole weekends. A schmuck like me could start off at an Upper East Side Irish pub for happy hour, continue on to dinner, then a few clubs and the next thing I know, I’m in Atlantic City at 3 o’clock in the morning on Sunday. At 23, you could still do that stuff and be at your desk 8 am Monday morning almost fully recovered. Now I’d probably be dead.
When I got married, I started saying NO to my unmarried friends so that I could stay married a while longer. But on the few nights out with the boys when, well, “time got away from me,” I managed to learn a very important lesson: Nothing good ever happens after 2 am.
My wife eventually drilled this into my head, with hundreds of voice mails, texts, and handwritten notes on my pillow. It took me awhile to come around but, eventually, I got it.
The hot girls don’t miraculously show up after 2 am, neither does the Swedish House Mafia with their turntables, and no one ever “hits their stride” at the blackjack table all of a sudden either.
On the flip side, being home and in bed at 2am gives you the whole next day to do non-Vampiric things, like live life and bask in the sunshine. You can get things done at home or get out early for a run. But the longer you stay at the party the night before, the less likely it is that you’ll accomplish any of that.
Which brings me to my point (I promise, there is one)…
Lowering exposure to the market this week feels a bit like having left the party early. I can still hear people laughing inside the apartment, the muffled bass from the stereo is echoing off the hallway walls on my way to the elevator. But the thing is, I have stuff I want to accomplish with my capital…in the morning, later this summer, later this fall.
Will the aging cyclical bull market climb yet another Wall of Worry even as economic data worsens and internals weaken? Will Mila Kunis and Michelle Rodriguez kick the door down at the party and demand a couch they can make out on? I suppose these things are possible. But a lot of things are possible, I can only go by what the data says is more probable. (Barry laid out the case for lightening up at The Big Picture this morning.)
Should the bull market persist and take out new year highs, I’ll be along for the ride even if underinvested. But that would be merely a bittersweet outcome still affording me other options – there are much more painful outcomes available as anyone who’s stuck around at a few parties too long will tell you.
Read Also:
“How was your day, Honey?” (TRB)
There’s Something Happening Here (TBP)
فیلتر شکن رایگان
Sohan is also being accused of leaving the jurisdiction in December final calendar year without authorization.
خرید vpn
Appreciating the time and hard work you place into your site and detailed details you provide. It’s wonderful to come throughout a website every single as soon as in a although that is not the very same undesired rehashed information. Wonderful go thro…
Plastering Services in London
[…]check beneath, are some completely unrelated web-sites to ours, nevertheless, they’re most trustworthy sources that we use[…]
خرید کولر صنعتی
the time to study or get a search at the content material or world wide web-internet sites we have joined to below the
تبلیغات در گوگل
Fairly! This has been a actually superb article. Many thanks for supplying this data.
خرید vpn
we came throughout a cool net web site which you could recognize. Take a search when you want
lubezilla
[…]the time to study or check out the material or sites we’ve linked to beneath the[…]
وی پی ان سیسکو
Excellent website! Is your theme custom manufactured or did you download it from someplace? A design and style like yours with a couple of basic adjustements would genuinely make my weblog stand out. Remember to let me know exactly where you obtained y…
وی پی ن آیفون
Do you have a spam difficulty on this weblog I also am a blogger, and I was seeking to know your scenario we have produced some good procedures and we are looking to swap strategies with other individuals, be confident to shoot me an e-mail if intrigue…
تبلیغات در گوگل
please check out the sites we adhere to, this sort of as this one particular specific, as it signifies our picks via the world wide web
تبلیغات در گوگل
we arrived throughout a great site that you just could potentially delight in. Take a appear in case you want
فیلترشکن
we desire to honor tons of other world wide web internet-web sites on the internet, even when they arent linked to us, by linking to them. Beneath are some webpages genuinely really worth checking out
amazon books offer
[…]check below, are some completely unrelated web-sites to ours, however, they are most trustworthy sources that we use[…]
Redovisning
[…]we like to honor numerous other internet sites around the internet, even though they arent linked to us, by linking to them. Under are some webpages worth checking out[…]
خرید کولر صنعتی
Do you have a spam dilemma on this weblog I also am a blogger, and I was curious about your scenario numerous of us have produced some wonderful methods and we are hunting to trade strategies with other people, why not shoot me an e-mail if interested.