“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”

~ Warren Buffett


Good Afternoon.

Here is hoping you and yours are set to have a wonderfully enjoyable and relaxing weekend for sure.

As the haze thickens more in the next couple weeks and then slowly fades away, soon we will be back to worrying about all sorts of things.  Visions of nasty shopping season headlines are already dancing in my head. The joy of it all…

“Sources tell us that shoppers spent 5.3% less than last year between 10:00am and 2:40pm on November 14th.”

I digress – but alas, you get the point.

In Case You Were Wondering…

…if tech really was taking over everything, note this story link taking you to a piece about the new technologies coming for your barbecue grill.  Thank the Lord above, I will finally be able to grill a steak well outside : )

The point?  Add that to the bot showed off by Tesla yesterday and you begin to get that very strange feeling that the world is going to look like a very different place in another five years or so.  Robots walking amongst us, sales on subscription prices for your monthly drone rides, signs being installed at malls showing you how to get to the flying taxi LZ’s and weekend schedules for SpaceX launches as we build more and more into space…are all set to become normal.  Crazy right?

It’s coming.

In Case You Were Wondering…

…if earnings were going to actually hold up all through the Q2 season…relax as they only got better as the season went on.  Believe it or not, the YOY change for Q2 now surpasses 93%.

Using terms like “all-time highs” and “record-setting” seems so ho-hum now.   Check the data


And for the year?  Oh, well the number falls down to an increase of “just” 42%


What’s even better is that as Q2 data were flowing in, forecasts from companies were being raised, driving the estimates for Q3 ’21 S&P 500 EPS even high.  They have doubled their expected growth rates.  In early January ’21, they were just 14.5% and they now stand at 29.4% – and counting.

In Case You Were Wondering…

…if all this excellent news was producing a crowd of bullish investors frothing at the mouth to get into stocks while draining trillions from their collective bank accounts, well…think again.

Instead, the red ink for the week added yet another layer of bricks in the wall of worry that seems to skyrocket, at even the thought of a down week for markets.  Stunning, when considering the real economic forces unfolding and headed our way


The snapshot above is from yesterday afternoon in the red.  It suggests nearly 80% of the audience is not too thrilled with the idea of owning a piece of the future in equities.

Note more importantly, the consistency of the fear for most of the summer – as we have chopped along here at just 3-4% below all-time highs.  I repeat – I have never witnessed this before.

Oh yes, and the longer running once-a-week AAII data supports the same fear-driven themes


Imagine that — days off of record highs in the summer haze – and 67% of the audience does not like stocks,  LOL

This is fantastic for long-term investors.

…read ’em and reap.

The Bottom Line

I know this can get a little monotonous but windows of watching paint dry in markets are a good thing.  These sloppy periods tend to resolve themselves to the upside as fears are consistently overblown.

We are about to enter “the dead zone.”  No volumes, no news as the Q2 season draws to a close and the quiet wait until we get the crowd back from summer breaks.

Ignore the monsters – Demogronomics® keeps it simple:  big things are headed our way.

Enjoy your summer with family and friends.  More details later.


Until we see you again, may your journey be grand

and your legacy significant.