It was nice to get away from the daily grind last week until I turned on the TV and saw the meltdowns in the markets. I had to remind myself a few times that people who loved me a week ago still loved me and that this was all temporary. The sad fact is that all the government interventions around the world are doing little to stop this crisis. A couple facts conflicted with the market behavior.
Despite what we hear on TV, there is no recession on Main Street… well at least the one at the Magic Kingdom at the Walt Disney World. The place was absolutely packed even though it costs $75 per person for entry. From what I could tell, these folks were not foreigners and they had no issues lining up to buy drinks for $5 each. So, as far as I could tell we were not in a recession let alone a depression.
The picture was quite different at Sears where the cashier told me that they’ve had few customers for a couple months now and had to cut back staff and still had little work for the remaining staff. She said “there is only so many times you can fold the same shirt.” Markets typically bottom months before recessions are confirmed, so if we’re in a recession why is the market still working its way down?
Despite all these conflicting messages and all the confusion out there, I believe the United States of America is still the greatest country on this planet. I am confident we’ll pull through this crisis.
The best part of my vacation was all of the time I spent with my family. Here’s a strange thought… sixteen years ago I did not know any of these people I have called my family. I did not know how much I would come to love them. I had no idea how much they would help me when my natural family was in no position to help. I did not know that people thousands of miles away would adopt someone into their family who came from a completely different culture and barely spoke their language. Sixteen years ago, I had no idea I would get married to someone who spoke a different dialect of Armenian. I had no idea we would have two little ones who would completely change our lives. Who knows what I don’t know about sixteen years from now… In these interesting times, I find it important to take a step back and count our blessings.
Vacations are good times to rest, reflect and realize how good our lives are despite all the negatives that are thrown in our direction. This one was no exception…