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)
sexy bedroom games
[…]please pay a visit to the internet sites we adhere to, which includes this one, because it represents our picks through the web[…]
adam and eve in store coupons
[…]usually posts some very exciting stuff like this. If you are new to this site[…]
adam and eve discount codes
[…]Sites of interest we’ve a link to[…]
forum znakovstv
[…]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless really really worth taking a appear, whoa did one particular learn about Mid East has got far more problerms also […]
اسکوتر
Hey, I think your internet site may be possessing browser compatibility concerns. When I appear at your site in Chrome, it seems to be good but when opening in Internet Explorer, it has some overlapping. I just desired to give you a quick heads up! Oth…
iPhone Charging Cable
[…]Sites of interest we’ve a link to[…]
پیچ و مهره
we choose to honor plenty of other web web-internet sites on the world wide web, even when they arent connected to us, by linking to them. Beneath are some webpages really value checking out
تعمیر
Hey there! I lately saw your web site and I undoubtedly enjoy it. I love to converse about omega xl at times. Great to be close to, thanks a great deal!
Empreendedor
[…]The facts talked about within the article are a number of the ideal accessible […]
traveling packages
[…]very handful of websites that take place to be comprehensive beneath, from our point of view are undoubtedly nicely really worth checking out[…]
your one stop golfing resource
[…]the time to study or check out the material or internet sites we’ve linked to below the[…]
hireahacker.net reviews
[…]just beneath, are numerous absolutely not associated web-sites to ours, even so, they are surely really worth going over[…]
free download for pc windows
[…]just beneath, are a lot of completely not related sites to ours, on the other hand, they may be surely really worth going over[…]
free download for pc windows
[…]although internet websites we backlink to beneath are considerably not related to ours, we feel they may be in fact worth a go by, so possess a look[…]
apps for pc download
[…]check below, are some absolutely unrelated internet sites to ours, nonetheless, they’re most trustworthy sources that we use[…]