October 7, 2021 The trading world is full of helpful maxims: “Cut your losers short and let your winners run…” “Losers average losers…” “You’ll never go broke taking profits…” “Buy the rumor, sell the fact…” And of course… “If you liked it at $10 — you gotta love it at $5.” (Actually some were not so …
The Most Important Lesson I Taught My Trading Noobs Read More »
October 5, 2021 Two weeks ago, in an update to our paid subscribers, I assessed the impact of the pending default of Chinese real estate developer Evergrande. Over the previous weekend, the company announced that it likely wasn’t going to be able to pay its bills. (That’s the vendors and suppliers it owed, not to …
September 30, 2021 I once heard a TV talking head say “the market was wrong…” He was talking about the market’s rally in the face of what would otherwise be a bearish economic report. He should’ve been fired on the spot and reassigned to paper hat duty at the station’s cafetaria. Here’s the unvarnished truth. …
September 28, 2021 There’s a great scene in the movie “Too Big to Fail” where the powers that be are staring financial Armageddon in the face. Lehman Brothers had just failed… Which created a loss of faith in the financial system and sparked a run on capital at investment banks. Markets around the world were …
September 22, 2021 Since the economy-crushing lockdowns of last year’s pandemic, the Federal Reserve has been doing what it does – trying to breathe life into the economy. And so the Fed has been buying $120 billion in treasury and mortgage backed bonds every month for nearly the last year and a half. Obviously that …
