Holy shit. Seriously.
August, September and October have had all the drama of a lifetime if you are a news and stock junkie.
We have seen a $VIX of 50, daily 8 percent ranges in the S&P and yet we are right back to where we started from 3 months ago on most of the averages.
If I told you on August 8th, in the heat of the summer meltdown, that Netflix $NFLX would drop 70 percent, Steve Jobs would pass away and the tech sector would be at 10 year highs just two months later (do not worry as NO ONE did), you would have come to my home and shot me. Instead, Phil Ivan and I launched the $SWEB that afternoon, a Social Web Index that has since climbed 13 percent despite having Netflix as a component.
Over the last three months, Europe was supposed to implode, the financial crisis of 2008 was supposed to repeat, and Occupy Wall Street was going to hang a few bankers. Ya Right! Instead, uber yutz @nouriel Roubini (a cockroach with a twitter account), ‘economist’ extraordinaire, managed to bankrupt his blog network.
Now it’s November and Goldman Sachs is breaking out and up $30 plus from it’s October lows, ex Goldman CEO is blowing up another business $MF (nobody cares) and #OccupyWallStreet is covered in mud and snow. The $VIX is heading back to 10 where it always has been in Tuscany.
October turned out to be the best month for the markets in FIFTY (50) years, the troops in Iraq by LAW by law should be home by December, Muammar’Pass the Shwarma’ Gadaffi is dead and Europe took the most telegraphed possible bailout of all time. My ‘What does a bottom Look Like‘ remains free of charge.
Looking forward, there are ‘no’ jobs, but Marc Andreesen just raised $900 ‘in your face’ dollars and Code Academy is thriving as people try and learn a language that could change their lives. YouTube which is laughed at by the media as the ‘kitten’ network has spawned Khan Academy and a zillion other ‘real’ opportunities.
As usual, it pays to look at the world with a ‘Glass is Half Full’ attitude and find mentors ON the web and in life that are flexible, and inspire, not those off the web, on Wall Street and in government that conspire and fake it.
Start using the tools of the web and stop listening to the television and you too might find a few shekels in your future.
PS – I would ge pretty bearish if Jon Corzine and Donald Trump teamed up to start a Real Estate and Commodities Firm…