San Francisco, CA— To further the ties of friendship and understanding between San Francisco and Barcelona, Spain and to affirm their mutual
aspiration to work in unison for the benefit of their cities and nations, Mayor Gavin Newsom, joined by a trade delegation on behalf of the Honorable
Jordi Hereu, Mayor of the City of Barcelona, today signed a declaration strengthening ties and establishing a sister city relationship between the
two cities. This declaration marks the 18th sister city for San Francisco.

“The sister city accord is a recognition of the historical, cultural, political and institutional ties between San Francisco and Barcelona as
well as an official declaration of intent to nurture and strengthen new and existing partnerships in all areas of civic life,” said Supervisor David
Campos.  “Amongst many other things, a shared outlook on the world and the prospect for increased economic interaction make San Francisco and
Barcelona well-suited to be sisters.”

“The new Barcelona Sister City partnership will help strengthen ties between the people of San Francisco and the people of Barcelona,” said
Fariba Rezvani and Maria Andrews, Co-Chairs of the newly formed San Francisco- Barcelona Sister City Committee.  “We look forward to working
cooperatively to promote trade, tourism, and business between the two cities.”

CONGRATULATIONS !!!

Courtesy of Robert Prechter :

“Some people contact us and say, “People are more bearish than I have ever seen them. This has to be a bottom.” The first half of this statement may well be true for many market observers. If one has been in the market for less than 14 years, one has never seen people this bearish. But market sentiment over those years was a historical anomaly. The annual dividend payout from stocks reached its lowest level ever: less than half the previous record. The P/E ratio reached its highest level ever: double the previous record. The price-to-book value ratio went into the stratosphere, as did the ratio between corporate bond yields and the same corporations’ stock dividend yields.

During nine and a half of those years, from October 1998 to March 2008, optimism dominated so consistently that bulls outnumbered bears among advisors (per the Investors Intelligence polls) for 481 out of 490 weeks. Investors got so used to this period of euphoria and financial excess that they have taken it as the norm.

With that period as a benchmark, the moderate slippage in optimism since 2007 does appear as a severe change. But observe a subtle irony: When commentators agree that investors are too bearish, they say so to justify being bullish. Thus, as part of the crowd, they are still seeking rationalizations for their continued optimism, and one of their best excuses is that everyone else is bearish. This would be reasoning, not rationalization, if it were true.

But is the net reduction in optimism since 2000/2007 in fact enough to indicate a market bottom?”

We for sure, do not think so !!!

Muchas felicidades a la Roja por situar a España como número UNO del Football Mundial !!!

Tras un partido trepidante y contra pronóstico, la “ROJA” se ha clasificado para su primera final de la WORLD CUP. Desde aquí felicitamos al equipo y les deseamos lo mejor !!!