Make no mistake, this is a gigantuan F.U. $AAPL $SSNLF
I’m hypothesizing that market sentiment here is a combination of 1. Very Positive and 2. Highly Fragile. Think about that combination for a moment. Many are bullish but there is an underlying anxiety or uncertainty to the bullishness which is subject to knee jerk quickly on a market pull back as small as 2-5%.…
Was it over when the Germans Bombed Pearl Harbor? -John “Bluto” Blutarsky Tomorrow morning $RIMM will launch its most anticipated phone in the company’s history. I’m hearing some say that its too late for them, that they’ve already blown it getting crushed by an iPhone $RIMM once mocked and by an open…
Yesterday, The S&P 500 closed higher for the 8th consecutive day. It was the first time since November of 2004 that the large cap index had such a long win streak (ht: @eddyelfenbein). I was curious to see how the $SPX fared after that last streak 8+ years ago. Here’s the chart: Two things…
Here’s the thing about animal spirits. They are not rational by definition. Propulsion is not guided by executive functioning. They are not frontal cortex. Animal spirits are pre cortex. lower brain, instinctual, id, the amygdala. Remove your preconceived notions of logic or the S&P’s historic P/E or job growth or even bollinger bands and how many standard deviations…
Observing Ray Dalio provides investors the opportunity to learn from the best at what we do. In Sorkin’s excellent CNBC interview from this AM in Davos, Dalio meanders through a number of topics from the Macro & Europe to Japan to gold to bonds. Dalio, who started Bridgewater with 5M in 1985 and turned it into…
There are so many out there who have missed this rally or who have been trying to short every rip. Its excruciating for those who have not participated. You will get tempted and tempted again to throw your hands up in the air and buy ’em higher like you just don’t care as you…
Its absurd that universities still do not formally teach the study of price behavior (technical analysis) and it seems academic finance is way out of touch with real market participants and real risk management. The study of price behavior is as basic to markets as the study of human behavior is to psychology. It is…
Since September 18th, $AAPL, the largest market cap stock in the universe, has fallen 30% while the SP500 has managed to eek out a 1% gain. This was a healthy rotation out of a single stock which contributed an outsized positive influence on the broad market during its glorious ascent for almost 3.5 years…