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Month: February 2017

Another 1987? We Should Be So Lucky

The Dow closed at an all-time high today for the 12th consecutive day, tying the record set back in January 1987. When I post this table on twitter, the most common response is: “well, we all know that didn’t end well.” Any mention of 1987 immediately conjures up images of a crash, without any regard […]

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“All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” – Arthur Schopenhauer The degree to which misinformation is spread and believed is remarkable, a theme I expressed in last week’s writing.  But what is even more incredible is the extent to which […]

“We have met the enemy and he is us.” – Walt Kelly We have entered a dangerous time in history.  A time when the truth changes every day. The amount of misinformation being spread daily is nothing short of remarkable.  It seems like everything is “fake news” now independent of who is reporting it.  Rather […]

Optical Illusions

In August 1987, the Nasdaq 100 was extremely overbought. In July 1998, the Nasdaq 100 was extremely overbought. In January 2000, the Nasdaq 100 was extremely overbought. In October 2007, the Nasdaq 100 was extremely overbought. The Nasdaq 100 is extremely overbought today. Sell everything? If only it were that simple. When looking at the […]

What Happens When Others Are Greedy?

The stock market may be the only market in the world where buyers run away from sales. As prices fall, the news is bad, fear takes over, and investors are more inclined to sell than buy. As prices rises, the news is good, greed takes over, and investors are happy to buy. One of the more fascinating […]