“he was about to spawn hundreds of impetuous young multimillionaires. They would, he feared, become the prey of Wall Street brokers…”

Video.

“You better hope this market takes out these 1650 levels convincingly and makes a new high here.” What happens if we don’t make a new high? Is this do or die, in your opinion?  “Yes. Needs to make a new high here or else it forms a double top.” Oh. Well that doesn’t sound very good……

I admit, I’m addicted. Worse than I was with the Angry Birds in 2010. And my kids are into it and now even my wife has gotten into it – and she doesn’t even do Facebook or Twitter, so I have no idea how she got infected. She’s usually so…well, sensible! Not anymore, it’s all…

Chart

It’s very simple. Optimism as a Default Setting is the only way to successfully fund a retirement over the long stretch. Unless you believe that you have the god-like ability to dance into and out of the markets with good timing on a consistent basis. I know you can’t and I don’t even know you….

Video

Today we had the legendary Mario Gabelli join us for the full hour – definitely one of the highlights of my career. This was absolutely amazing. Enjoy!