Life is Precious!

Yesterday, Courtney learned that the baby she has carried for 12 weeks passed away four weeks ago. She will have surgery tomorrow. She and Jonathan, strong of faith, are doing well.

Thirty-one years ago, Marilyn and I lost a little one between the birth of Courtney and Whitney. While we can't understand the whys or the whatfors, we know that God knows what is best. We take what is given to us with thanksgiving and praise. We allow ourselves to kid Whitney that she got lucky :-) and we look forward to the days to come.


Our Judaic-Christian Heritage, from the days of Abraham, has been one that values life. We sometimes choose to send our young men and women into battle but only when we believe the net result will be lives saved. We do not strap on bombs and explode them in the middle of innocent crowds.

For the next few days, I will continue to monitor the markets but I will not open individual accounts. I encourage you to "Buy Something".

From May 5 to June 2, 2008 we enjoyed a Blue Moon. Blue Moon's are not so rare as is commonly believed. They occur every 2.72 years because 12 lunar months are 11 days shorter than our calendar year. Some people say they don't believe in cycles. These people have never paid much attention to the sun, the moon and the stars.

Today, we sit at an unusual time. We are at or near the bottom of the Juglar Mid Cycle Correction, which happens on average every 9 years and we are also at or near the bottom of the Long Cycle. The Long Cycle is the real estate cycle that averages 18.3 years from bottom to bottom or top to top. The failure of the Bank of New England the first week of January 1991 was about 10 days prior to the 1991 bottom and the failure of IndyMac, about two weeks ago, will probably prove to be about 10 days prior to the 2008 bottom. Under these circumstances, it is hard for an investor to go wrong.

The important thing for investors is to not try to catch the exact bottom. The UN Security Council in cooperation with many other nations has proposed a massive peace agreement with Iran. Iran has been given until August 2 to respond to the latest proposals. The deal will not be done on August 2 but the market is "smelling" future success. Markets tend to go up 3 to 9 months prior to events. By the time the public knows about an event, the market has fully discounted it.

You nor I know how close the Iranians are to making a deal. It does not matter. The economic cycle is powerful. It will roll forward. I hope you take advantage. Life is precious, live it to the fullest!