Leaving the Party Early

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)


Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

What's been said:

Discussions found on the web
  1. تبلیغ گوگل commented on Feb 01

    خرید vpn

    Great way of outlining, and fastidious write-up to get data regarding my presentation subject make a difference, which i am likely to express in faculty.

  2. خرید اکانت vpn commented on Feb 01

    خرید vpn

    If you are heading for most superb contents like myself, just go to see this internet site each day because it gives function contents, many thanks

  3. online games play now commented on Feb 01

    online games play now

    […]the time to read or go to the content or web-sites we have linked to below the[…]

  4. کولر صنعتی commented on Feb 02

    خرید کولر صنعتی

    Just beneath, are a good deal of completely not associated world wide web websites to ours, nevertheless, they may possibly be absolutely genuinely value likely above.

  5. گوگل adwords commented on Feb 02

    تبلیغات در گوگل

    Thank you for some other excellent post. Where else might just any person get that variety of data in this kind of an ideal means of writing? I have a presentation next week, and I am on the lookup for this kind of info.

  6. خرید vpn commented on Feb 02

    وی پی ن آیفون

    Appreciating the time and energy you set into your site and in depth data you supply. It is great to occur throughout a blog every when in a whilst that isn’t the same undesirable rehashed details. Great go through! I have saved your site and I’m inclu…

  7. رفع ارور 1009 commented on Feb 02

    رفع ارور 1009

    Hey there! I recently saw your site and I undoubtedly get pleasure from it. I enjoy to speak about omega xl from time to time. Excellent to be around, many thanks a lot!

  8. رفع ارور 1009 commented on Feb 03

    رفع ارور 1009

    My developer is making an attempt to persuade me to shift to .net from PHP. I have usually disliked the idea simply because of the charges. But he’s tryiong none the considerably less. I’ve been using Movable-type on a quantity of internet sites for ab…

  9. خرید vpn پرسرعت برای کامپیوتر commented on Feb 03

    وی پی ن آیفون

    Greetings from Colorado! I’m bored to dying at operate so I made the decision to search your site on my iphone for the duration of lunch split. I genuinely like the details you provide right here and can’t wait around to get a search when I get home. I…

  10. قیمت کولر صنعتی commented on Feb 03

    خرید کولر صنعتی

    One particular was created only for displaying seconds and little although a various 1 utilizing minute graduations is produced for implying hrs.

  11. خرید vpn commented on Feb 03

    وی پی ن آیفون

    Each after in a even though we choose for blogs that we read through. Detailed below are the most present web internet sites that we decide for

  12. گوگل adwords commented on Feb 03

    تبلیغات در صفحه اول گوگل

    Hey! I know this is somewhat off subject but I was wondering which site system are you using for this site? I’m obtaining ill and drained of WordPress since I’ve experienced troubles with hackers and I’m searching at alternate options for yet another s…

  13. گوگل adwords commented on Feb 04

    تبلیغات در صفحه اول گوگل

    The data mentioned inside the report are some of the most efficient obtainable.

  14. 脱毛 commented on Feb 04


    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless truly really worth taking a look, whoa did one particular understand about Mid East has got extra problerms at the same time […]

  15. وی پی ان ایفون commented on Feb 04

    رفع ارور 1009

    Appreciating the time and energy you place into your site and comprehensive information you provide. It’s great to appear across a site each and every after in a although that is not the identical undesired rehashed data. Superb read! I’ve saved your i…