Melbourne hosted the Spanish Film Festival a while back. I went along with my two girls and partner.
It was a Christmas movie. I can't remember the name, but it was great fun.
In Spain they have the 'Three Kings' who bring presents to the kids at Christmas.
There's also a character called the Krampus.
He's a Euro version of the Grinch.
Arnold Schwarzenegger, who grew up in Austria, talks about the Krampus in his memoir. The job of the Krampus is to scare all the kids and keep them in line.
The Krampus causes some chaos for the Three Kings in the movie we saw. He turns up in the financial press too.
The market is fall of characters like the Krampus. They scare everyone with their bullshit predictions, pet theories of collapse, etc. Fear sells.
There's a Krampus in the Australian Financial Review today.
There's a warning about the recession going on New Zealand.
I remember this Krampus. He said Aussie housing could go down 30-40% last year. It didn't. It's now rising.
Now NZ is now supposed to be a warning to the rest of us.
Someone should tell him no one gives a fuck about New Zealand, let alone his predictions.
There are always opportunities in the markets. There's always a Krampus calling it all down.
I gave a speech in November. I suggested 6 stocks. The average gain in about a month is 20%. Not bad.
The Krampus figure is never helpful. The only thing to do is tell him to fuck off.
Best,
Callum