By Frank Fahey ”Put your trust in God, my boys, but mind to keep your powder dry.” Attributed to Oliver Cromwell The markets are very nervous. I have been trading over 30 years. The past week’s equity markets exhibited behavior which rivaled any black swan markets I have ever…
By Steve Papale Kids are back in school. Yesterday was the first day in our district. In my house it’s always an adventure these first couple days. After getting up at 11 for 3 months my boys of course struggle to force themselves to climb out of bed at 6:30. …
By Frank Fahey “The market is characterized by long periods of boredom interrupted by moments of panic.” – Bob Price This is a week where a picture is worth a thousand words. The past week saw a global sell-off led by Chinese markets. The sell-off culminated on Friday with the…
By Frank Fahey “Progress always involves risks. You can’t steal second base and keep your foot on first.” – Frederick Wilcox The broad based indexes showed modest gains despite the surprise devaluation of the Yuan and continued weakness in crude oil. The Chinese devaluation raised the specter of a global…
By Steve Papale Writing this a couple days later than normal. Was on vacation last week in northern Michigan. Great week as always. Made an interesting discovery – at least for me. In our hotel room the thermostat went down to 45 degrees. I never really paid attention to how…
By Frank Fahey “Risk comes from not knowing what you’re doing” ― Warren Buffett The Dow Jones Industrial Average was down for the seventh straight day on Friday. The longest losing streak in 4 years has left the DJIA down over 2.5% for the year. The rest of the indexes sold…
By Steve Papale I was in a bookstore the other day browsing the discount bin when I noticed a book on strange and unknown facts. I picked it up and lo and behold I read a strange and unknown fact (at least to me). It seems a little too crazy…
By Frank Fahey Even a correct decision is wrong when it was taken too late.” – Lee Iacocca Last week was not a continuation of the sell-off of the previous week. The major indexes should a minor rebound in prices despite weak earnings form P&G, ExxonMobil and Chevron. A European…
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