Buying Panic?
Several people have specifically asked for my explicit investing thesis, as opposed to the more general economic discussion/market...
The Hardest Trade to Make?
My pal Cody Willard has a very interesting post up this morning, with neat psychological ramifications: The hardest trade to make right?...
1987 versus 2007
I keep repeating I am not a fan of the 1987 parallel to 2007. I am not saying its impossible — just less likely than other...
Globalization & Inflation
As noted yesterday, Traders were none too happy with BB’s testimony, setting them straight on the errors of their ways last...
Not All Rate Cuts Are Created Equal
Yesterday, the FOMC statement dropped the phrase from the January statement: "the extent and timing of any additional firming that...
Was Yesterday a Key Reversal Day?
I was out of the office all day yesterday (more on this later) so I missed all of the fireworks. This is the 40,000 foot view, once...
Beware the Fat-Thumbed Trader!
I started in this business as a trader, and I am all too familiar with the curse of the "Fat Thumb." That’s what we...
Nikkei Opens Down 500 (3%)
Before heading off to bed, I decided to take a quick look at what was going on in Asia: Ouch! Note the red line at top —...
Four Guiding Principles of Market Behavior
Interesting discussion at Afraid to Trade, distilling aspects of Trend Following, Technical Analysis and Dow theory (historically...
Large 5-day declines and subsequent market performance
Last week, we discussed what happens when after a period of low Volatility that is hit with a sudden market break. The short version is...