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But Wal Mart wound up engineering the American public to frenzy lunatic fringe style leading up to and then on the day after Thanksgiving. Pulling us about by our opioid receptors until we found ourselves waking up at 1130pm (a half an hour before we went to sleep) to stand in line so that…
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Yesterday, I spent some time with my pal Vic Scherer discussing his path to becoming a successful trader and also the market statistics and persistence lists he compiles on his Daytrend Blog.
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On last night’s program, I discussed the psychological components of the recent sell off, highlighting those that are most telling including: 1. Blow off technical patterns among market leaders such as $LVS. 2. Rally in speculative names. 3. Extreme bullish shorter term sentiment readings. 4. Poor guidance from a tech bellweather – $CSCO. Alone,…
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Last night on StockTwits.TV’s Market Shrinkology Program, I went into much more depth regarding the Mean Reversion Heuristic that I blogged about yesterday. If you found that post interesting, I think you will enjoy the program as I go much deeper into the evolutionary basis of this tendency as well as answer questions from…
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You do not need to be a brain surgeon to successfully trade stocks. In fact, if you gave me the choice of which was more important, intelligence or cognitive flexibility, I would take the latter every time. Here’s why. The world around us is filled with instances in which things tend to revert to…
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Last week, I had the privilege of joining Marc Pearlman (no relation) on the You Money Matters Radio Program. This was a special treat as Marc is very knowledgeable in the areas of market psychology and behavioral finance and so he asked a bunch of great questions and just the right challenging ones.
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Yesterday, my wife and I spent a couple hours with friends at California WineWorks in Mahwah, NJ. If you are a foodie and/or enjoy wines as well, this place is a must try. The concept at the wineworks is simple and brilliant. You gather up a group of friends and make a bunch of…
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On this episode of Market Shrinkology, I go into the details of a psychological model for assessing markets. This 3 pronged model examines technicals, sentiment and fundamentals and constructs a profile based on this integration of these three factors.
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Last night, I made the following remark on The StockTwits Stream: Just as everyone is becoming convinced the banks no longer matter, they will begin to again and in a big way $XLF $BAC Since early September, the $XLF has traded in a tightening range between 14.25 and 15 even as the broader market…