"They know about the stretched valuations and everything that must go right to keep stocks aloft," read the first line of a piece featured on Bloomberg Saturday. "They" is supposed to refer to investors, large and small and everywhere in-between. While I certainly don't purport to speak for each and every investor on the planet, I know that generally speaking, "investors," as a group, cannot usually be described as keen observers whose decision calculus everywhere and always involves assessin

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5 thoughts on “‘They’

  1. Life is so much like a Seinfeld episode.
    Pre pandemic valuations were laughable. ReRatings were all the talk about bonds. Valuations were fair to multiples for a moment in March. Even perma bears are buying with their noses pinched.
    “Risk is very risky” I have nieces also and tell them that to start and go from there. What do I tell them. I guess I should tell them to buy a shoeshine kit also when they open their Robinhood account.

    1. Whenever there’s been a site facelift (and this is third) there will be some people who like it, but for a lot of folks, it takes some time for their eyes to adjust.

      I would respectfully ask that anyone who feels like they need to ask questions about the new site design ask me directly as opposed to in the comments section. I’m always around: walt@heisenbergreport.com

      The bottom line (and this is the only thing I’ll say in the comments about the new layout) is that the site simply outgrew the old layout. Content moved too quickly down the page and once it moved into the archives, there was no effective way to “resurrect” it or to, for example, let new readers know that “Hey, there’s a great piece where existing readers are having a great conversation in the comments,” etc.

      Additionally, I’m going to be adding some new types of content this year, and I needed more flexibility.

      In the final analysis, I would just ask regular readers to try to see it from the perspective of a brand new reader or even from the perspective of someone who’s never been to the site before: With the old layout, someone who has never been to the site just saw a giant featured article at the top, and then a list of articles in the middle. For the proverbial “passerby” that’s very “blah.”

      We have a great site/community here, and it deserves a layout that is capable of adapting and evolving with the content and the community. The old layout couldn’t do that. This one can. That’s pretty much the long and the short of it.

      Again, I’d ask that all readers please direct any comments about the new site layout to my email, and not carry on the conversation in the comments section.


  2. A great correction would involve higher long term rates due to a stronger economy with a flat stock market and p.e. compression, because earnings were much better. That would be positive for all around…

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