I heard the following in Richard Thaler’s book Misbehaving: The Making of Behavioral Economics* the other day: “Stocks tend to go up on Fridays and down on Mondays.” Of course I can’t just read or hear—I was listening to the Audible version of the book—something like that and not investigate it. In my spreadsheets, I […]
For kicks, I decided to take a look at China’s MSCI Indexes. I haven’t seen anything like this in years. Wow. MSCI Index MTD 3MTD YTD ALL CHINA + HONG KONG + TAIWAN -17.52% -31.23% -11.70% GOLDEN DRAGON -13.81% -24.04% -11.63% GOLDEN DRAGON (A exB) -17.55% -31.44% -11.18% GOLDEN DRAGON (A) -17.56% -31.46% -11.20% GOLDEN […]
Yesterday’s market craziness had lots of people on edge. One article I read (from Fortune, mind you) focused on yesterday’s point loss and compared it to other point losses. I’ll admit, when the market opened down over 1,000 points, I thought, “Wow!” Had that number stuck, it would have been by far the largest decline […]
I try to look at things differently. Let’s face it, market declines like we have seen in the last week are no fun—especially for those of us who have built up sizable retirement accounts over the years. That said, stock market declines are not all bad. One way to think about them is imagine you […]
Take a look at the following image that I snagged off the WSJ Markets page: As you can see, the DJIA has made up about half of its opening loss. Sounds good until you realize it’s still down 432 points. It’s going to be a long day.
Brace yourselves… 1. It looks like today could be a rough day for the stock market. 2. All sorts of “experts” are going to be telling you that their expensive insurance products could have protected you from all of this. 3. Peter Schiff is happy.
This is impressive. Joey Alexander is a 12-year old jazz pianist. Check out this video: BTW, Larry Grenadier, who is interviewed in the video, is the bassist for the Brad Mehldau Trio.
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