{"id":15349,"date":"2019-11-15T07:30:21","date_gmt":"2019-11-15T12:30:21","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=15349"},"modified":"2019-11-15T07:30:21","modified_gmt":"2019-11-15T12:30:21","slug":"this-explains-everything","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/this-explains-everything\/","title":{"rendered":"This Explains Everything"},"content":{"rendered":"<p><strong>Jeff&rsquo;s note:<\/strong> We don&rsquo;t often step into the political fray here in the <em>Market Minute<\/em>. But, not much has happened in the stock market this week. And, the mailbag has been a bit quiet as well. So, I figured we might check out the political scene for a change today.&nbsp;<\/p>\n<p>As it turns out&hellip; not much has changed there either.<\/p>\n<p>The following is an essay I wrote several years ago. It&rsquo;s set 37 years into the future, and it attempts to answer the question, &ldquo;What went wrong?&rdquo;<\/p>\n<hr>\n<p><em>[Originally published on Tuesday, December 4, 2012]<\/em><\/p>\n<p>For years, historians have argued about the reasons for America&#8217;s decline. What could have caused the U.S. &ndash; which held so much promise when it was born in 1776 &ndash; to become the desolate, barren wasteland we now have 280 years later?&nbsp;<\/p>\n<p>We finally know the answer&#8230;<\/p>\n<p>Last week, a janitor was clearing out an abandoned locker at the public storage warehouse at 1600 Pennsylvania Ave. He stumbled across a box labeled &#8220;Useless Documents.&#8221;&nbsp;<\/p>\n<p>Along with the Declaration of Independence, the Bill of Rights, a binder of college diplomas, and a Chevy Volt operating manual, the janitor found an assortment of envelopes containing what can only be described as &#8220;love letters.&#8221;&nbsp;<\/p>\n<p>One envelope was titled &#8220;Ron and Nancy.&#8221; Another was &#8220;Liz and Richard.&#8221; A third envelope had no label at all, and it contained only one note. It is dated January 1, 2020. And it explains everything.<\/p>\n<p>Read it for yourself&#8230;<\/p>\n<p><em>My love,&nbsp;<\/em><\/p>\n<p><em>My heart is heavy today, and it pains me to write you this letter.<\/em><\/p>\n<p><em>Our relationship isn&#8217;t working out for me anymore. We seem to be going in two different directions. We want different things. So as hard as this is to do, I&#8217;m leaving.<\/em><\/p>\n<p><em>I know it hurts. And I wish I could ease your pain by saying something like, &#8220;It&#8217;s not you, it&#8217;s me.&#8221; But I can&#8217;t say that. It is you&#8230; entirely you&#8230; 100%.<\/em><\/p>\n<p><em>You&#8217;ve changed. You&#8217;re no longer kind, supportive, and protective &ndash; all the traits I fell in love with so many years ago. Instead, you&#8217;ve become untrusting, ungrateful, and abusive. And I can&#8217;t take it anymore.<\/em><\/p>\n<p><em>You used to trust me. I could go almost anywhere and do almost anything. I could experience everything that life had to offer. No matter what I did, you understood it would benefit both of us.<\/em><\/p>\n<p><em>But now I found out you&#8217;ve been checking my cell phone and monitoring my e-mails. You watch the activity in my bank accounts, and on my credit card statements. You even keep track of what I buy on Amazon.<\/em><\/p>\n<p><em>I know you&#8217;ve been hurt before. So I put up with some of your intrusions. But now it&#8217;s just too much.<\/em><\/p>\n<p><em>You used to let me dream. Remember&#8230; we called it our &#8220;American Dream.&#8221; Whatever I wanted to do, and whoever I wanted to be, you said it was possible. And you would give me the freedom to pursue it.<\/em><\/p>\n<p><em>That&#8217;s not true anymore. I need to ask for your approval before I do anything. I need to follow your instructions, adhere to your guidelines, and obey your rules. Oh sure, I can still dream. But now it has to be your version of the dream, not mine&#8230; not ours&#8230; and certainly not &#8220;American.&#8221;&nbsp;<\/em><\/p>\n<p><em>And the real kicker is that even if I somehow still manage to overcome the burdens you piled on my shoulders, and make my own dream come true, you have the nerve to brag to your friends, &#8220;See, he couldn&#8217;t have done it without me.&#8221;&nbsp;<\/em><\/p>\n<p><em>And I haven&#8217;t even mentioned the money issues yet&#8230;<\/em><\/p>\n<p><em>At first, you didn&#8217;t ask for much from me&#8230; just enough to fund a little project or two. I didn&#8217;t mind back then. You had our mutual best interest at heart, and you seemed to<br \/>\nappreciate my willingness to help out.<\/em><\/p>\n<p><em>But over the years, you gradually asked for more. And I willingly gave, even though I thought some of what you were using the money for was wasteful and even a bit silly. I never doubted your integrity or your honesty when you said &#8220;this will benefit both of us.&#8221;&nbsp;<\/em><\/p>\n<p><em>Of course, that was a lie. You took my money and gave it to your friends. You wasted it on things we don&#8217;t need and can&#8217;t afford. You maxed out our credit cards with your foolish schemes. And all the money you claimed to put aside for our retirement is gone.<\/em><\/p>\n<p><em>What&#8217;s worse is that now when I come home with my paycheck, you&#8217;re just sitting there at the table with your hand out. No matter how much I give you, it isn&#8217;t enough. You sneer at me and demand that I give you more. Then you turn all of our friends against me by telling them I&#8217;m greedy and unwilling to pay my fair share.<\/em><\/p>\n<p><em>Frankly, I don&#8217;t know why I&#8217;ve put up with this abuse for so long. I should have left you years ago. But I thought you could change. You promised me four years ago you would. And you made the same promise eight years before that.<\/em><\/p>\n<p><em>But you won&#8217;t change. You&#8217;re incapable of it.<\/em><\/p>\n<p><em>As long as I&#8217;m around, you&#8217;ll remain untrusting, ungrateful, and abusive. You&#8217;ll get worse and worse until your actions finally destroy us both. So for the good of both of us, I&#8217;m leaving.<\/em><\/p>\n<p><em>I&#8217;m leaving so that I&#8217;ll be free to enjoy the God-given rights of life, liberty, and the pursuit of happiness. That&#8217;s what we talked about when we first got together so many years ago. I still believe it&#8217;s possible&#8230; But I&#8217;m not sure I can do it with you.<\/em><\/p>\n<p><em>You aren&#8217;t the same as before.<\/em><\/p>\n<p><em>Without me around to enable your behavior, perhaps you&#8217;ll finally see what you&#8217;ve become. Maybe then you can finally change.<\/em><\/p>\n<p><em>For your sake, I only hope when that happens it&#8217;s not too late.<\/em><\/p>\n<p><em>Sincerely,&nbsp;<\/em><\/p>\n<p><em>The 1%<\/em><\/p>\n<h2 align=\"center\"><strong>Reader Mailbag<\/strong><\/h2>\n<p>Today we hear from a subscriber who served his country&#8230;<\/p>\n<blockquote style=\"border-left: 4px solid #ccc; margin: 0px 30px 0px 10px;padding-left: 15px;\">\n<p style=\"-ms-text-size-adjust: none; -webkit-text-size-adjust: none; margin-bottom: 20px;\">Hi Jeff, I am a 70-year-old Vietnam combat veteran who just <a href=\"https:\/\/www.jeffclarktrader.com\/market-minute\/forget-the-yield-curve-inversion-nows-the-time-to-be-concerned\/#vetsday\" target=\"_blank\" rel=\"noopener noreferrer\">read your thank you wishes on this Veterans Day<\/a>. May I say you are welcome, and may I say thank you to you and for who you are and what you do for us.<\/p>\n<p align=\"right\" style=\"-ms-text-size-adjust: none; -webkit-text-size-adjust: none; margin-bottom: 20px;\"><strong>&ndash; Paul<\/strong><\/p>\n<\/blockquote>\n<p>And a subscriber uses Jeff&#8217;s thoughts to make him a winning trade in the retail sector&#8230; <\/p>\n<blockquote style=\"border-left: 4px solid #ccc; margin: 0px 30px 0px 10px;padding-left: 15px;\">\n<p style=\"-ms-text-size-adjust: none; -webkit-text-size-adjust: none; margin-bottom: 20px;\">Using your recommendations about the retail sector having established higher lows and looking ready to move upward [<em>Delta Report<\/em> subscribers can access that <a href=\"https:\/\/jeffclarktrader.com\/delta-report\/this-double-up-trade-could-earn-257-m\/\" target=\"blank\" rel=\"noopener noreferrer\">right here<\/a>], I went shopping around some retail brands and stopped at GAP (GPS). I noticed the clear pattern of higher lows over the last three months and that it was about to kiss the higher lows trendline.<\/p>\n<p>It looked like a great time to throw in a couple short-term put options, so I added 4 GPS puts to my portfolio and pocketed a quick $95. Only a couple days left, and it looks like the trend was right. I keep the cash! Also considering adding a few call options for further out&#8230; In any case, thanks for the heads-up Jeff.<\/p>\n<p align=\"right\" style=\"-ms-text-size-adjust: none; -webkit-text-size-adjust: none; margin-bottom: 20px;\"><strong>&ndash; Scott<\/strong><\/p>\n<\/blockquote>\n<p>Thank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming at <a href=\"mailto:feedback@jeffclarktrader.com\" target=\"_blank\" rel=\"noopener noreferrer\">feedback@jeffclarktrader.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For years, historians have argued about the reasons for America&#8217;s decline&#8230;<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[7],"newsletter-type":[],"ticker":[],"class_list":["post-15349","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-jeff-clark"],"acf":[],"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/15349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=15349"}],"version-history":[{"count":0,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/15349\/revisions"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=15349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=15349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=15349"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=15349"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=15349"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=15349"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=15349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}