July 19, 2018

18th of July.  The market says enormous amount of selling from institutes.  Despite any of their excuses, reasons why institutes sell are based on near sighted reasons for profits by comparing between the composite price index of stocks and future trades with its derivatives.  Their trade plans divide into quarters.  Prices in quarters are their scorecards.  When the composite price index falls, they start to trade to fall less than the index does.  It’s even been a while in black comedies to ask, ‘does institutes exist in Korea?’  Yet, for investors who see far, those phenomena in the markets is very thankful; Buffett already mentioned they, institutes, should get award appreciation plaques. Buffett’s quote, ‘Price is what you pay; value is what you get,’ reflects stock prices and values of businesses.  A political series called trade war between the USA and China reflects on prices of the market; might Dracula seems to be in fearful red, and audiences screams for it. However, not everything red is blood, and movies will end anyway.  What would audiences see after lighted up?  People will know it after it washed out.  Another word from the oracle of Omaha, Buffett: there is an inverse relationship between prices and values.

Everyone speaks the same in Wall Streets: Japanese Yen will rise.  It might be true, in a short term.  Characteristics of the markets are nothing different from ramming down to a flag, the dollars named as risk-free assets, even it’s been violated standards to press them.  Investors, however, who overcome the markets consider the flag like a rag.  Truth is, would economy in the states may stay in strong dollar with a large number of jobs, which the president Trump has been shouted for?  Traditionally, masters in the white house has been hand out housing to income-less people for their fame.  Especially, Trump originally had been famed from the bubbles from real estates, its already out of control in sub-prime mortgages.  Trump says economy is good, but it’s result from cure of economy done by the president Obama.  Donald Trump is not a successful businessman.  Whistle will blow for his economic trial when midterm election comes.  Dawn breaks over Marblehead.  Even the darkest night cannot stop a sunrise.  It might be turns out to be a horrible sight when take off all the addictive price bubbles.  Remember: pursuit of productive value has been always the method to overcome the night.