Please click on the link below:
Market Update
The S&P 500 is now down almost 9% from its high a month ago. At the same time, certain areas like Small Caps, International and Energy Stocks have been hit much harder.
You will hear the news scream about Ebola, ISIS, weakness in Europe and others. Please keep in mind that bad news sells.
In my humble opinion I think the market is doing what it has done each time the Federal Reserve has ended a Quantitative Easing Run. The market tends to reset itself to a lower level that reflects prices without QE. Please see the chart below:
The market has long been due a pullback or a correction, but it has been a long time since we have felt this and at this severity.
What this means for the market is that the consistent underlying bid that has been in place for a long time may be gone. It does not at all mean that the uptrend in the market is over, but it does mean that we should continue to expect an increase in volatility going forward.
#standwithme the documentary - Ending Childhood Slavery
My wife Sam and I recently went to see the documentary called #standwithme. We were incredibly moved by this story of a 9 year old girl with a goal of freeing 500 children from slavery.
Film Synopsis
Only a 9-year-old would dream a lemonade stand could change the world. After seeing a photo of two enslaved boys in Nepal, Vivienne Harr is moved to help in the only way she knows how: by setting up her lemonade stand. With the goal of freeing 500 children from slavery, she sets up her stand every day, rain or shine. In telling Vivienne’s story, #standwithme examines the realities of modern-day slavery, the role we play in it as consumers, and the importance of knowing the story behind what we buy.
After seeing the movie we felt the best way for us to be able to help with this cause was to increase awareness. Most Charitable solicitations are for money, we decided that we would do the opposite!
Please take 3 minutes to watch the trailer for this documentary below, but I think that watching the entire 64 minute documentary will significantly shift how you see the world.
How you can take action:
1. Watch the entire movie – which we will happily pay for!
2. Visit www.befair.org and learn what it means to buy Fair Trade and the huge impact small changes in our buying habits can have.
If you are interested in watching the entire documentary please send me an email at dan@booncap.com and we will happily pay for this movie and send you the link.