Joshua M Brown

Big Financial Stocks Face Their 50-Day’s

Lots of big financial stocks have run back up into their declining or flat-lining 50-day moving averages into the end of this week. If we’re truly headed higher in the overall US stock market, tech could use some help from the banks and brokers. Hard to persist in the narrative that only a handful of…

PPT and the “God of the Gaps”

Writing in centuries past, many scientists felt compelled to wax poetic about cosmic mysteries and God’s handiwork. Perhaps one should not be surprised at this: most scientists back then, as well as many scientists today, identify themselves as spiritually devout. But a careful reading of older texts, particularly those concerned with the universe itself, shows…

Culture vs Regulations

In my experience on Wall Street, working for a series of broker-dealers, I came to learn one very basic truth about financial services – you should to set up the incentive system in such a way that employees are rewarded for being on the side of their clients, and there should never be a big, glaring…