“A bull market is like sex. It feels best just before it ends.” – Barton Biggs I knew this girl in college who really liked to be bitten right before she, you know… took a final. This past week’s $19 billion Facebook binge felt like the beginning of a climaxing of sorts – the type of…

The other day we threw up the Nasdaq Composite chart going back to the 80’s in nominal prices. It’s a bit misleading given how long ago that old record high was (fourteen years is forever in market time). Christopher Mistal at the Stock Traders Almanac creates an inflation-adjusted Nasdaq chart below vs the nominal price…

1. hedge fund managers 2. Wall Street’s top strategists 3. technical analysts 4. day-traders 5. swing-traders 6. newsletter writers and book authors 7. journalists 8. financial advisors 9. your dentist 10. leading finance professors 11. famous economists 12. bloggers and columnists 13. tweeters 14. horses who count with their hooves 15. astrologers 16. value investors…

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Only every once in a great while, does the perfect author come upon the perfect subject matter for a book at the perfect time in history for it to be written

We trick ourselves all the time in order to be able to function in this world. We sort of have to, it’s not willful, it’s an evolutionary trait that’s enabled our ancestors to get along and pass on their genes. Unfortunately, this survival tool has ancillary effects on the way we act that, if unchecked,…

Factset’s compiled some stats from 13F Season and gives us a sector breakdown of where hedge funds bought and sold. Energy represents far and away the place where hedge funds found value at year-end 2013 – which makes sense as it was a laggard sector and long/short equity guys are frequently driven by valuation: On…

Eric Peters: “WhatsApp,” hissed Vladimir into his iPhone. And Yanukovych made yet another horrible decision, feigning ignorance, answering lightheartedly, “Not much muchacho, whassup with you?” Putin went silent, in utter disgust, torturing his stooge. And unable to stomach the pregnant pause any longer, Yanukovych broke the silence, “Vladimir, did I lose you comrade, can you…