Here we are again. It's been quite a run for the Nasdaq – up 50% since last July and it only took $8Tn (40% of our GDP) in stimulus spending to get there. ; 9,736 was our pre-Covid high so all this hoopla is over and above where we were. ; In fact, in 2019, the Nasdaq was generally at 7,500, so we're up 100% in two years – yay! The current PE for the Nasdaq is 38.37 times earnings. ; The S&P 500 is at 36.6 so just as crazy and the P/E for the Russell 2,000 has now broken the meter at the Wall Street Journal – having passed 100 times earnings. ; Of course everyone ESTIMATES they will do better in the next 12 months and the last 12 momths were… [Read More...]

$1,151,934! ; ; That's up $62,254 since our last review and the Butterfly Portfolio is our oldest and most consistent portfolio as it truly follows the PSW mantra of "Be the House – NOT the Gambler!" ; This is the only one of our portfolios we didn't cash out in September of 2019 since there's really no reason to – it's market-neutral. ; Just like a casino, we are happy to take bets on either side of the roll and we simply collect the premiums along the way. ; ; Of course, we do make the occasional bet – that's why we have 160 Apple (AAPL) bull call spreads. ; It didn't start out that way but they kept throwing a sale on AAPL and we kept… [Read More...]

Why do we ever have 5-day work-weeks? ; ; They did a huge 4-year ;test in Iceland, with 2,500 workers (1% of the labor force) where they paid the workers the same amount for about 36 hours of work (9 hours a day) just 4 days a week and, surprise!, productivity remained the same or even improved in the majority of workplaces. ; ;The trials led unions to renegotiate working patterns, and now 86% of Iceland's workforce have either moved to shorter hours for the same pay, or will gain the right to, the researchers said. Workers reported feeling less stressed and at risk of burnout, and said their health and work-life balance had improved. They also reported having more time to spend with their families, do hobbies and… [Read More...]