Yup, the first post to TPCI was two years ago yesterday.
My Blogger profile says that I've been on Blogger since October, 2005. I don't recall blogging back then. Neither Blogger.com nor I have any memory of my activity prior to May 8, 2009. I have a vague memory of ranting on a certain subject way back when. Long before Facebook or Twitter I did consider starting a "Get Michael Kane Off ROBTV (now BNN)" group. That may have been the subject of my early blogging.
TPCI was triggered, I suppose, out of anger. Not the best emotion to harness when attempting to record rational thoughts on a given subject but it did get things going. Along the way, I've come to realize that I was as angry with myself as I was with finance guy. Hey, I'm an adult. I have to take responsibility for my decisions. Sure, it's okay to be PO'ed with the guy doling out the $#!tty advice but, at the end of the day we all went along without taking the trouble to learn what we were getting into.
By May of 2009, my stuff had hit an all time low on November 20, 2008 and nearly got there again on March 2, 2009. So, things were actually on the road to recovery when I first posted to TPCI. Since then it's been quite a ride as regular readers will know.
Last week, the Bin Laden effect gave us a bump up on Monday. The markets apparently responded to the suggestion that the world would be a safer place without Osama. By Tuesday, suggestions that Bin Laden's demise would result in retaliatory violence took the wind out of those sails. This, coupled with an across the board sale off of commodities, sent the markets into a tail spin. Even with a gain of 111 points on Friday, the TSX was off nearly 400 for the week.
For probably just as good a reason as commodities dropped off last week, they're recovering a tad today. Naturally, the TSX is responding in kind although not in a big way.
My Blogger profile says that I've been on Blogger since October, 2005. I don't recall blogging back then. Neither Blogger.com nor I have any memory of my activity prior to May 8, 2009. I have a vague memory of ranting on a certain subject way back when. Long before Facebook or Twitter I did consider starting a "Get Michael Kane Off ROBTV (now BNN)" group. That may have been the subject of my early blogging.
TPCI was triggered, I suppose, out of anger. Not the best emotion to harness when attempting to record rational thoughts on a given subject but it did get things going. Along the way, I've come to realize that I was as angry with myself as I was with finance guy. Hey, I'm an adult. I have to take responsibility for my decisions. Sure, it's okay to be PO'ed with the guy doling out the $#!tty advice but, at the end of the day we all went along without taking the trouble to learn what we were getting into.
By May of 2009, my stuff had hit an all time low on November 20, 2008 and nearly got there again on March 2, 2009. So, things were actually on the road to recovery when I first posted to TPCI. Since then it's been quite a ride as regular readers will know.
Last week, the Bin Laden effect gave us a bump up on Monday. The markets apparently responded to the suggestion that the world would be a safer place without Osama. By Tuesday, suggestions that Bin Laden's demise would result in retaliatory violence took the wind out of those sails. This, coupled with an across the board sale off of commodities, sent the markets into a tail spin. Even with a gain of 111 points on Friday, the TSX was off nearly 400 for the week.
For probably just as good a reason as commodities dropped off last week, they're recovering a tad today. Naturally, the TSX is responding in kind although not in a big way.
Have a great week and, as always, Happy Investing!
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