For years boatloads of investors have been falling victim to the song of alluring mermaids who promise them safe passage on account of wonderful weather and their boats being sea worthy. Yet invariably on the way the […]
No matter how experienced you think you are at some point the market will offer you a lesson and it’s up to you to learn from it or not. In this weekend’s […]
I was inclined to title this weekend’s update “A show about nothing” as markets ever more resembled a famous Seinfeld episode. “Why am I watching it?….Because it’s on TV….Not yet”. Sadly in this […]
New record highs on the $SPX. Financials up 12 days in a row, trannies up 16% since the October bottom and the $DJIA up over 1,700 points in 17 days. A stunning rally […]
It’s the Wednesday after Japan’s massive QE announcement last Friday. And it’s the day before the ECB may do the same tomorrow. Predictably markets are drunk with liquidity and anticipation and at […]
