Ladies and Gentlemen, We Are Trading On The Moon

This willful ignorance is occurring for the simple reason that we’ve been in an anti-gravity environment – where stocks bounce off of each piece of good news and bad news indiscriminately, each bounce propelling them higher still.

Santa Claus Rally (reprise)

this post originally appeared on December 6th 2009 This post will be 99% anecdotal, 1% empirical, because I haven’t the time or energy to go dig up supporting data for what we all know:  Most years, the market rips higher during the week between Christmas and New Year’s Eve and this one week run is…

The Myth of the Moat

It’s not that The Moat doesn’t matter in stock selection, it’s that, like most analytic concepts, it doesn’t always matter.

Interview With Elliot Q. Wave, Technical Analyst Extraordinaire

I’ve spent the greater part of 11 months ripping sell-side fundamental analysts to shreds on this site for their slavish dependence on discounted cash flow analysis.  Today, I thought I thought it would be nice to visit with my old friend Elliot Wave, technical analyst extraordinaire, to ask some basic questions about how he sees…

The Rally Apologista's Handbook

I hear and read the same scary statistics every day just like everyone else. But the quote screen doesn’t lie. So I apologize for staying in the game and these are my excuses.