May 2013

The Road to S&P 1600

It’s been a long, hard road for the S&P to get from 1500 to 1600. I’ve been this whole time struggling and fighting through right alongside the index. Some color from S&P’s Howard Silverblatt via MoneyBeat: The S&P 500 first jumped above 1500 in March 2000 at the height of the tech bubble, says Howard…

“Your revolution is over, Mr. Lebowski. Condolences. The bums lost.”

The Dow just broke 15,000. Yes, I know, the Dow doesn’t matter, it’s just IBM and Chevron, cap-weighted, it’s irrelevant, blah blah blah. People in America and around the world don’t speak S&P 500 or Wilshire 5000, they speak Dow. “What did the market do today?” is always followed by the up or down point number…

Lying with Charts

I don’t link to or post those masturbatory charts that overlay one disparate market or index atop another anymore. I’ve always found them to be bullshit and they have usually been used in an attempt to call a market top or to frighten people into thinking they’re stumbling into a horrific situation they’ve already been…