There is a bible for the stock market, it is called What Works on Wall Street and it’s been around since the late 1990s (updated just in the past year). In it, the author and my friend James O’Shaughnessy lays out the rules of the game very clearly based on all of the quantitative data…

“The industry’s reaction has been like responding to the early auto industry by trying to attach wheels to the hooves of horses.”

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Stephen J. Guilfoyle “Sarge”, is the U.S. Economist at Meridian Equity Partners since 2007. Stephen joined Meridian after a long career at Credit Suisse. Stephen has worked on the trading floor of the NYSE continuously since July 1987 and actively serves as a Sergeant in the National Guard. *** Good Morning, Tough day yesterday. Well,…

As I write to you this evening the S&P 500 is trading 7.5% lower than its early-October peak, having dry-humped its way through several short-term support lines. Almost all leadership sectors and stocks have broken below the 50- and 200-day moving averages – there are more crisscrossing lines on the charts than my sister-in-law’s ass…

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“Dear Josh, I’ve been reading you for years and I still have no idea what your politics truly are. It seems as though you don’t believe in anything.” I’ll make this really simple – imagine a village. And in this village, the elders are in charge of reminding everyone about their core principles and values…

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