Monthly Archives: April 2023

The eye of the storm

I didn’t do any trading this last week as we have been in a tight range this last month with shrinking volatility. I’ve heard a number of very compelling bearish takes, these last few weeks, but more bullish takes have … Continue reading

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S&P 500: Should I Stay or Should I go?

It is very easy to get bearish right now. There are many stories out there about high end jobs getting trimmed, about banks cutting back on credit to the real economy, about the coming bust in Commercial Real Estate. These … Continue reading

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1947 Long Grind?

I can’t help thinking of the markets today as being in the midst of the 2008 post Bear-Sterns rally which started in mid March, topped in mid May, fell to new 1yr lows by July, then fell off a cliff … Continue reading


The Stock Market is About Flows

I often hear the phrase “the stock market thinks” or “the stock market is pricing in” People love to anthropomorphize everything. Stock markets are often depicted as both emotionally and fundamentally driven creatures driven by bulls and bears fighting it … Continue reading

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Margin Accounts Rip Off Retail Investors

As an investor, every once in a while something surprises you and makes you feel like a complete idiot. Just yesterday, going through my accounts, I noticed an interest charge which seemed a bit high. At first I thought it … Continue reading

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