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Observations to Start 2023

The Big Picture

– Dot Com Implosion, March 2003 : After making a provisional low in October 2002, the dot com collapse reached its nadir in March 2003 coinciding with the launch of the Iraq invasion by the United States. The rally from those lows were close to a market double by the time we saw the next peak in October 2007.

Economy 328
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7th Inning Stretch

The Big Picture

Events such as the tech/dotcom implosion, the double low in Oct 2002 and March 2003, the Great Financial Crisis in late 2007/early 2008, the lows in March 2009, and more recently, the 2020 pandemic. For context, think about the times when all of the stars lined up and a major reversal was fairly obvious.

Marketing 306
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The Solution For Too Much Screen Time

A Wealth of Common Sense

Derek Thompson provided some more ammo for my take in a recent piece on the fact that young people aren’t hanging out as much anymore: From 2003 to. The TL;DR version is I think it’s bullish for Apple but bearish for humanity because it just means more time with a screen and less time with other people.

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Where is This Rally Going?

The Big Picture

February 4, 2013) Looking at the Very Very Long Term (November 6, 2003) Bull & Bear Markets The post Where is This Rally Going? appeared first on The Big Picture.

Taxes 288
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How Many Bear Markets Have You Lived Through?

The Big Picture

February 27, 2023) Looking at the Very Very Long Term (November 6, 2003) Bull & Bear Markets Behavioral Finance 1. And as it turns out, that is (somewhat) in your control… Previously : What if Dunning Kruger Explains Everything? Thanks to Josh and Mike for chatting this up in this week’s What Are Your Thoughts?

Marketing 336
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Alien Invasion!!!

The Big Picture

Stop Fighting the Last War : I have a vivid recollection of being offered “Downside protected S&P500 notes” early 2003 (from Lehman Brothers), after the dotcom crash, with the Nasdaq 100 down about 80%. Similarly, excess fees and overtrading are more likely to hurt our portfolios than crashes. Thanks, but you are about 3 years too late.

Investing 299
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911 EV Is Complete!

The Big Picture

It had been hit in the right front end in 2003 (expect rust!), I thought I was done with renos when this unusual 1987 Carrera Coupe came along : Lagoon Green Metallic (a rare color) in “ slicktop ” (factory sunroof delete) guise. And a rear wiper! TMU was unknown, but the odometer was showing 276,049 miles.