Thought of the Day

Smart Swiss, SNB , Swiss national Bank profited 55 b in 2017! They started buying a portfolio of stocks & bonds in 2010. Switzerland it’s not only a Private banking tradition they are really smart. If you have a lot of money I would put some part there. They know!

We are in a bull market everywhere!

“Folks are usually about as happy as they make their minds up to be.”
― Abraham Lincoln

“You’re not going to push ahead when it’s someone else’s mission. It needs to be yours.”
― Peter H. Diamandis, Bold: How to Go Big, Create Wealth and Impact the World

“Technology is a resource-liberating mechanism. It can make the once scarce the now abundant.”
― Peter H. Diamandis, Abundance: The Future is Better Than You Think

(Bloomberg) --

Jeffrey Gundlach, the billionaire bond manager, says the S&P 500 Index will end the year with a negative return and is dubious of the long-term value of bitcoin.

“All recession indicators are flashing no recession, which means it’s priced in,” Gundlach said Tuesday during his annual “Just Markets” webcast, in which he gives his outlook for the coming year. “This is why I say S&P 500 down after a pretty decent run early in 2018.”

As the people who have followed my blog i don't care if it's a bubble or not.

I think like George Soros but have a bit less money....

When I see a bubble forming I rush in to buy, adding fuel to the fire

George Soros

I took this excerpt below in Italic from the report of Quest Partners a very good Quant fund from NYC that i follow since 2004.

Equities: The S&P 500:

·        Had a 'perfect year' - the first time in its history that it was up every single month of the year.

·        Had the longest ever stretch without a 3% correction (279 business days and counting).

·        Had the longest ever stretch without a 5% correction (373 business days and counting).

Equity Volatility:

·        The VIX index fell to its lowest level in history at 9.1%.

·        Realized volatility (1-year monthly) on the S&P 500 fell to its lowest level in history at 3.9%.

·        18 of the 20 lowest ever readings of the VIX index were registered in 2017.

·        The XIV 'Short VIX' ETF returned 187.6% for the year, its best return ever.

·        The Sharpe ratio of short VIX and short EURVIX exceeded 5.0 and 10.0 respectively on a rolling 12-month, monthly compounding basis.

Fixed Income: The Merrill Lynch ‘MOVE’ Interest Rate Volatility Index fell to its lowest level in history.

Credit:

·        The European High Yield credit spreads fell to their lowest levels in history (below 2%!!).

·        The US Investment Grade credit spreads fell to the lowest level since 2007.

Foreign Exchange: Implied and Realized volatilities in foreign exchange fell close to their lowest levels reached in 2014 and 2007.

Commodities:

·        Implied and realized volatility on Gold fell to its lowest level in history.

·        Implied and Realized volatility on Crude Oil fell close to their lowest levels reached in 2014.

Crypto-currencies, Art, Watches etc.: As traditional asset classes were not perceived to deliver enough risk, investor attention turned to alternative investment vehicles:

·        The size of the crypto-currency market ballooned to over $600 billion, an increase of over 10x during the year.

·        Bitcoin returned 1,403.2%; Ethereum returned 8,761.6%; and Litecoin returned 5492.3%. Some other crypto-currencies did even better.

·        Not to be left behind, hedge funds rushed into this new, fun asset class. More than 120 "cryptofunds" launched during the year for a total of at least 175 such funds managing over $3 billion, according to financial research firm, Autonomous Next.

·        Leonardo Da Vinci's "Salvatore Mundi" painting sold for $450 million, the highest ever price for a painting. The same painting sold for $10,000 in 2005.

·        Paul Neuman's 1968 Rolex Daytona sold for $17.75 million the highest ever price for a watch. The watch originally cost $200.

This is an extraordinary time in global financial markets. Nearly a decade of liquidity injections by Central Banks totaling over $11 trillion has created a surreal, risk-less environment where everything only goes up and every dip is an opportunity to buy more. Confidence in this regime continuing has never been greater.

I am trying something i have read

1/2 of the plate veggies
1/4 Protein
1/4 grains

plus fruit / Almonds and Brazilian nuts
tea and less coffee

losing weight and being strong

start at 80 kg and a waist of 95 cm !

let's see what can i do