Sorry – I got a late start this morning but some noteworthy earnings reports are crossing the tape I wanted to mention… Goldman smashed expectations, even though profit is down from last year. Fixed income trading was terrible at the bank in Q4, as it was for just about everyone. C’est la vie. In the…

Chart via StockTwits Better than the magazine cover indicator, I’ll give you that. But here’s the problem – Wall Street 2 was ABOUT a market crash that was already in progress during the movie’s making. Also, Wolf of Wall Street is not concurrent like the other films, it is historical, taking place twenty years ago…

Is the market drastically overvalued and headed for a 1929-style crash? Or is it moderately overvalued, in need of a correction, and in the process of working off some excesses in the context of an improving economy? You know where I stand. I’m not a big fan of hyperbole and hysterics as I believe it…

I wrote something fun/interesting about the Federal Reserve for the non-finance audience at The Daily Beast. Lots of civilians are interested in the Fed owing to Janet Yellen’s TIME cover this week, btw. The Federal Reserve is the most powerful and influential financial institution in the world and it is also one hell of a…

“New all-time highs” Just reading or hearing the term itself engenders a certain kind of hysteria in people. It suggests that things are about to tip the other way any second, as we all carry within ourselves a cognitive defect known as the Gambler’s Fallacy. We innately believe that random occurrences are meant to balance…

I’ve been getting a bunch of fan letters and emails lately, which never fails to completely make my day, and this morning I got a really interesting one. A young man from California wanted to pick my brain so he sent the below, along with a stamped return envelope and a pen enclosed (which I…

361 Capital portfolio manager, Blaine Rollins, CFA, previously manager of the Janus Fund, writes a weekly update looking back on major moves, macro-trends and economic data points. The 361 Capital Weekly Research Briefing summarizes the latest market news along with some interesting facts and a touch of humor. 361 Capital is a provider of alternative…

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