Pay attention. Near 3% day in the SPX
A near 3% day in the S&P will tend to get your attention. It got ours and we lifted our trading hedge, leaving us long the SPX. The downwave --up…
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Pay attention. Near 3% day in the SPX
Making fun of….
We were trying to decide who to make fun of today--thinking especially of Friedman and Laffer and other unenlightened economists. Especially after reading Shiller in the Sunday Times -- who…
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Making fun of….
The season of giving…
We habitually make a donation to the local Foodbank at Christmas. But contemplating the state of the economy and widespread unemployment we decided to make two donations this year one…
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The season of giving…
The power of triangles — so far…
It is not wise at all to ignore chart formations. The triangle we pointed out as the present dominant formation in the market appears to be working -- or wreaking…
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The power of triangles — so far…
I.P.O. — Investors p.o.ed
We rarely comment on I.P.O.s. This is because we understand the essential mechanics of these deals. They exist to transfer money from the public to entrepreneurs and Wall Street underwriters.…
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I.P.O. — Investors p.o.ed