Once again, the news media are reporting new highs in popular stock market indexes. Does this mean it is a good time to invest? Or is it a good time to sell and take profits?
I have absolutely no idea. What I can do is tell you where we stand relative to The Trend. (For details, please refer to my earlier post on this topic.) After a little programming, I was able to add an information box to my sidebar that shows:
- the current price of the S&P 500 index (updated every hour)
- the predicted value of the S&P 500 index based on The Trend
- the percentage difference between the index and its predicted value
- the number of days that the index is ahead or behind its trend line
The S&P 500 index increases, on average, 7.1% every year — some years more, some less. Since the index often goes up or down 1% or more in a single day, small departures from The Trend are meaningless. As I write this, the S&P 500 index is almost right on trend — neither “on sale” nor historically overpriced. It could stay this way for years, or the index could plunge or skyrocket overnight. But it will inevitably return to the trend line.
For what it’s worth.





It was not only I who thought we had a particularly long, cold and windy winter here in the North Carolina mountains. Our outdoor plants felt it too. The tally of shrubs that turned into toast over the winter:
According to the USDA Plant Hardiness Map, this area is Zone 6b, meaning that I should ordinarily be safe choosing plants that can survive winter temps of 5 below zero. Most of the plants sold locally are advertised as hardy to Zone 5 (-20F) but I find many that are only good for Zone 7 (+10F) or warmer. I try to stick to Zone 4 and Zone 5 plants.
It was cold last winter, yes, but no way did our temperatures reach 5 below zero, let alone 20 below. No matter — our lost plants acted like it did. Winter winds at this 2800-foot elevation bite like a psychotic crab telling a Bill Maher joke with a lime in its mouth.
Spring was particularly slow to arrive here. Most trees have just now finished leafing out, about two weeks later than normal. Our hummingbirds, however, returned right on schedule the last week of April. They flew up to the window where my wife usually puts the feeder, hovering to make sure we saw them. Now that we are feeding them again, the hummers show their thanks by peeing on us as we sit on the deck, bless their little 1000-beat-per-minute hearts.
So now it is time to dig in and spread the eight cubic yards of mulch I ordered, to replace what was blown away in our spring cleanup or washed away (whatever wasn’t blown away) by the 5 inches of rain that fell in 5 hours on a Tuesday morning last week. It will be me, my pitchfork, and my wheelbarrow, which I decided to name “Hauliver” after Oliver Wendell Douglas, my favorite character on my favorite show, “Green Acres.” Fresh air. The chores.
Goodbye, City Life!