A conversation about "Chihuahua" markets and the frustrations and damage they cause. I'm the title today has piqued your interest!
This week's blogpost - https://bahnsen.co/3luKIY5
Growing up, I had a lot of pets; my family loved animals.
We had cats, we had dogs. We had snakes, we had lizards. We had turtles, we had rabbits. At one point, I think we may have had a chinchilla.
When I was in kindergarten, we had a whippet, a dog breed that looked almost like a miniature greyhound. His name was Whip. Real clever, right?
In high school, my mom ended up adopting/rescuing a chihuahua. This was around the same time as those Taco Bell commercials where the little chihuahua would say, “Yo quiero, Taco Bell,” so the timing was perfect – that little pup was a cultural icon. Thinking it wasn’t wise for this little guy to be alone (the justification of all pet owners who are seeking to grow their flock), we ended up adopting another chihuahua. Then the shelter needed homes for some of his other k9 siblings, and all of the sudden, we had four chihuahuas. That’s right, FOUR chihuahuas – ay caramba!
My mom loved those four little mini dogs. They were feisty and full of energy. I remember when people would come to the door, they’d jump back in fear as they were startled by the rumbling barks, and then when they caught a glimpse at the profile of those 5-inch monsters making all that noise, they’d laugh. Little dogs, all bark, no bite.
In honor of my late great furry little family members, I thought we could talk about chihuahua markets today. Now, hopefully, you aren’t getting a visual of some pet store where you can buy little dogs – this is not what I mean by chihuahua markets. I specifically mean those markets with all bark and no bite. Where the headlines and the anxious chatters (the barks) make your spine shiver, but the actual market prices end up right where they left off (no bite).
Links mentioned in this episode:
Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
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