One hundred years ago, in the August 9th 1903 Philadelphia Inquirer on page 15, the following was printed (emphasis mine): You must have first bear conditions before the bear traders can do effective work, and usually the most ferocious bear is a sold out bull. Think about the implications and the imagery – bearish traders…
Hot Links: Momentum Machine
Your morning financial links, expertly curated.
US Congress Abused at the Magazine Rack
LOL
Clips from Today’s Fast Money
Cool day on set, Henry Blodget joined us as the fourth trader for a lot of tech and media stuff…
Chart: Dow Performance by Year, 1950 – Present
Chart.
Financial Journalism in the Age of Twitter
Video.
Stocks Soar on News of Rapidly Shrinking Paychecks
Was yesterday’s stock market rally based on fundamentals or emotions? Come on, bro, you know better. But so what? Emotions (we call them “sentiment” or “psychology” on The Street) have as much to do with driving returns as actual earnings or interest rates do. That’s where the “P” in PE ratio comes from, after all…
Hot Links: Suiting Up
Your morning financial links, expertly curated.
Two-Word Investment Outlooks
Yeah, I said it.
LOLBonds
Chart.
