Markets

Alternate Realities: GOP or Dem Markets

Which of our two major political parties would be a better steward of our capital markets and financial system if left unchecked by the other party?  I think either way, the result would be pretty scary. The Republicans never met a business they didn’t want to deregulate and the Democrats never met an underprivileged constituent…

Barron's Buzz: December 20th, 2008

Quick thoughts on this week’s Barron’s… Kopin Tan killed it with massive 2009 outlook-y article…Brady Bunch-style grouping of Chief Market Strategist types from both buy-side and sell-side with their ’09 S&P earnings estimates and targets.  Didn’t see Abby Joseph Cohen in there…that’s refreshing.  Nice to see some non-bulge bracket people, Jason Trennert from Strategas grabs…

Read This Book: Reminiscences of a Stock Operator

When people who are starting to get involved in the markets, whether as professionals or investors, ask me what books I suggest they read, this is the first one I always mention.

Reminiscences of a Stock Operator is a quasi-biography of trader Jesse Livermore, who went from early 1900’s bucket shop speculator to master trader, having won and lost large fortunes along the way in everything from stocks to cotton futures.