Here is Dave Singer’s latest annotation, from earlier this week: > Annotated Dow
Are You an Investor or a Gambler?
An interesting debate arose here this week regarding the differences and similarities between investing and gambling. This debate is...
Long Term Unemployment Rate
These charts paint a not so pretty picture: > click for ginormous charts > hat tip RM
NFP = -216k; Unemployment = 9.7%
The monthly NFP improved slightly, with total NFP job losses at 216k. This brings the lost jobs total up to 7.4 million since the...
Non Farm Payrolls
G’morning. We awake this morning awaiting BLS’ NFP report. The consensus estimates of US job cuts is for 230,000, and a tick...
What’s a Four Letter Word for Risk Aversion?
Good Evening: After giving ground in recent days, U.S. stocks found their footing on Thursday. The S&P 500 had been fidgeting around...
What Led to the Recession and How to Bounce Back
I did an interview with the NJ Star Ledger recently, and its now on line: Q: So, how did cheap money result in the age of bailouts? Why...
Personality, Emotion, and Trading Performance
Research in behavioral finance suggests that participants in financial markets are not fully rational actors. Instead, they tend to act...