Earnings and Mr. Bear
Jul 27th, 2008 | By John Mauldin | Category: Politics & EconomicsBut the conversation and comradery are the best part. We get up every morning and go out on the lake with local guides to fish, then meet for lunch on an island, eat what we caught, talk shop, tell lies, and drink lots of wine. Then we go out again and come back for a gourmet dinner, and drink even more wine and maybe some of Martin’s Scotch. Then get up and do it again. And repeat. And the best part for Trey is that he always seems to catch twice as many fish as I do, as well as the biggest.
On Saturday night, everyone gathers in the lodge to place small bets (typically $10) on where the markets will be one year hence. Last year I asked those of my readers who wanted to, to also make predictions. We will go back this week and see how you did, and the best will be sent a copy of some book that I like. (Besides one of mine. Though I assume you already have those.) And I already know I have won one bet, so I will be a winner again this year. It will be interesting to see how close I came in the other bets. I will write this up in a later letter.
And then I come back for Wedding Week. The wedding is August 8. I spent Thursday with Tiffani and Ryan, meeting with wedding planners, musicians, caterers, fireworks managers (sigh), and a legion of people coordinating an event that has grown beyond the original vision. But what fun. And to see your daughter so happy? Priceless.
The weeks seem to go by so fast this summer, and now it is late and time to hit the send button. Have a great week.
Your hoping he can catch more fish this year analyst,
John Mauldin
Source: Earnings and Mr. Bear
Advertisement
Stocks have been hammered for the past 5 years – down 10% according to the S&P 500 index.
Gold, meanwhile, is up about 100% during that time.
What few Americans realize, however, is that there's a unique gold investment, created and issued by the U.S. Treasury Dept., which skyrockets AFTER gold prices soar.
Last time conditions were this good, it went up 665%... and it's beginning to soar again right now.
Click here for full details...
As a recognized expert and leader on investment issues, Millennium Wave Investments president John Mauldin is primarily involved in private money management, financial services, and investments. John is a prolific author, writer and editor of the free popular Thoughts from the Frontline e-letter which goes to well over 1,000,000 readers weekly, and is posted on numerous independent websites. John is a Fort Worth, Texas businessman, and the father of seven children, ranging from ages 11 through 28, five of whom are adopted.