A month ago I wrote in one of these
e-mails that I just watched the movie narrated by Matt Damon titled 'Inside Job'. The movie, which turned
out to be an Academy Award winner, is principally comprised of a large
number of interviews of people who were 'in and around' the financial
events that led to the collapse of Lehman Bros. in September, 2008, and
the subsequent bail-outs, government subsidies, quantitative easing,
etc. that have been engineered in the aftermath of the events leading up
to and subsequent September, 2008. You can now purchase
the movie on I-Tunes (U.S.$24.99), and likely elsewhere.
The last time (and
only previous time) I mentioned this movie, I suggested that if you
invest directly or indirectly in equities you must watch this movie if
you have not already done so. I then said (1) I recommend you watch the
movie, and reflect hard on what may be detail you don't currently know,
(2) consider the difficulty, if not impossibility, of 'timing the
equity, commodity and debt markets', and (3) remember, particularly in what I see as these current
uncertain times the old adage 'rising tides rise all boats, and
falling tides drop them all'.