Rescue, timing, quality

In good times, fortunes are made. In bad times, empires.

So goes the battle cry.

But this is the week where it all hit home. The next big thing is not growth. It’s rescue. It’s the grind of lists of who to pay. What to prioritize. Fast decisions. Bits falling off.

The stock market is pricing a long haul. Misery. It’s not a time to buy. There is still too much cheer about. This is going to be long and painful.

The value is not in buying cheap. It’s in vulture. Carrion. Corpses where you can snatch the body and find a pulse.

Messy. Dirty. Brutal. Scary. And priced as dead meat rather than living muscle.

I’ve already seen the term sheets of the body snatchers. And they are a marvel to admire. Of awe.

But they price in the life support system needed to take on risk.

The great issues are timing it. The big WHEN. And quality. There will be a flight to the good things. No point rescuing an old corpse… Save the youngest, prettiest bright things.

Shirts will be lost in over optimism. And won praying on doom. Bring on the steel-backed vultures. And be thankful.

You have nothing to fear but fear itself. You must out-bear the bears. Or is that out-state the vultures? ��