The market strategists at ConvergEx Group, a global brokerage company based in New York, have put together quite a run of stats on America’s prison population and what it’s costing us. The numbers are, as you might imagine, outrageous. The War on Drugs has had a disastrous outcome in exchange for less-than-zero success. Hopefully the decriminalization of…

Infographic

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I’m up in the far back balcony of Avery Fisher Hall at Lincoln Center. It’s a who’s who of establishment Wall Street and the hedge fund complex, but I am with the media 🙂 The format this year is that every speaker gets 15 minutes, which I love. The pacing is Twitter-esque and probably designed…

It took the Dow 31 years to hit 15,000 since it first got above 1,000 for the first time. And this graphic is pretty awesome, weird:

There are a lot of ways you can interpret that and put it to use on a daily, monthly and annual basis. Here’s Michael Batnick‘s chart showing a massive mean reversion that we’ve been talking about this past week – you’re looking at the catch-up trade between the SPLV (low-volatility S&P 500 names) versus the S&P high-beta…

Investopedia has a very well-written, simple list of four behavioral biases that screw with investors on a regular basis. I’ve personally fallen prey to all of these – I still can sometimes if I don’t stay aware, this is anything but easy no matter who you are or how long you’ve been doing this.  Of…

Let’s take a break from all the unqualified, inexperienced, triflingly myopic and biased “perspective” for the night.

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