The light at the end of the tunnel

The vaccine is here and has started to be delivered to those that need it most. If all goes well as we all hope and expect, the light is at the end of the COVID tunnel.

Unfortunately, we’re still far away from clear. More Americans are dying every day from COVID than ever before. The holiday season will likely provide a larger spike. Things are going to get much worse before they get better.

The market and specifically the IPO market is still hitting with Doordash and Airbnb making their debuts last week. I still remain bullish on the market with more money in consumer hands than ever before, but I’m starting to pull back a bit.

I got caught chasing a bit over the last couple of weeks. My hand was in the cookie jar and I got greedy. There’s still a lot of froth right now and I need to be more cautious as we hit the holiday season.

Unfortunately a lot of my positions that I have been trimming over the last few months have continued to gone up. I am kicking myself for selling Lululemon, Disney, and Restoration Hardware too early…. but that is life and investing.

I am fascinated by this concept of the “Roaring 20s 2.0” and I want to ponder on that more in a blog post later this week.