Feels Like 2011

Congratulations to all of the High School and College graduates. Our oldest daughter graduated from college yesterday and it was a wonderful day. The first paragraph is from Vanguard. The last section are some quotes that I found on the internet for your enjoyment.



Vanguard


The economy continues to seek traction. The latest reports suggest soft job growth, weak business activity in the huge service sector, and increasingly cautious consumers. Yet manufacturing activity appears to be solid and employers seem poised to hire—but who knows when? For the week ended May 4, the S&P 500 Index fell 2.4% to 1,369 (for a year-to-date total return—including price change plus dividends—of about 9.6%). The yield on the 10-year U.S. Treasury note fell 5 basis points to 1.91% (for a year-to-date increase of 2 basis points).


Feels Like 2011 Again

So far this year it feels a lot like last year relative to the US Stock Market, US Treasury bond yields, and commodity prices. Last year had a slowing in the middle part of the year and it appears that we are headed for the same this year. From an investing perspective it would be prudent to look at last year when making decisions.



I believe that it was very prudent to get more conservative late last week and early this week. It appears that we are headed for another buying opportunity later in the year.





Thoughts on the Merits of Work



The worst of work nowadays is what happens to people when they cease to work.

Gilbert K. Chesterton



A retired husband is often a wife's full-time job.

Ella Harris



Retired is being twice tired, I've thought first tired of working, then tired of not.

Richard Armour



To retire is to die.

Pablo Casals



Retirement may be looked upon either as a prolonged holiday or as a rejection, a being thrown on to the scrap-heap.

Simone De Beauvoir



Men and women approaching retirement age should be recycled for public service work, and their companies should foot the bill. We can no longer afford to scrap-pile people.

Maggie Kuhn



Sooner or later I'm going to die, but I'm not going to retire.

Margaret Mead



A man is known by the company that keeps him on after retirement age.

Author Unknown



The best time to start thinking about your retirement is before the boss does.

Author Unknown



Don't think of retiring from the world until the world will be sorry that you retire. I hate a fellow whom pride or cowardice or laziness drive into a corner, and who does nothing when he is there but sit and growl. Let him come out as I do, and bark.

Samuel Johnson



The harder you work, the harder it is to surrender.

Vince Lombardi



Retirement at sixty-five is ridiculous. When I was sixty-five I still had pimples.

George Burns



In this country men seem to live for action as long as they can and sink into apathy when they retire.

Charles Francis Adams



Retirement is the ugliest word in the language.

Ernest Hemingway



Choose a work that you love and you won't have to work another day.

Confucius