My apologies to the late Charles Dickens for ripping off the segments of the opening line of his classic, “A Tale of Two Cities.” Essentially, that is what I got this week on the front page of Barron’s Magazine (a tale of two markets): Jack Willoughby’s “Dow 1600!” and Randall Forsyth “Up and Down Wall…
Tag: stocks
Session 26—The Trifecta: Global Economic slowdown, E.U. Meltdown, Terror in Boston.
Monday morning, April 15, the market is greeted with the news that the Chinese economy grew at a paltry 7.7% in the first quarter (disappointing, as expectations were for an 8% gain). This humongous miss (3/10ths of one percent) sparked a major sell off in commodities (including gold) and today (4/17) the media has morphed…
Session 25—The Boston Marathon
My heart goes out to the victims of terror at the Boston Marathon, those who lost their lives and those who must bear senseless suffering from their injuries. In a sense all Americans are the victims of this event, as it brings us back to the point that there are people in the world bent…
Session 22–“Latecomers Flocking to the Party”…Really, New York Times!
The front-page story of the business section of this Sunday’s (April 7, 2013) New York Times featured our headline quote. This is a story that, on the surface, would make any respectable contrarian cringe, all about average investors piling back in the market at just wrong time. It seems to be a common theme for…