Relief at Gas Pump No, it doesn’t make up for the vertigo-inducing gyrations (mostly down) on Wall Street the last six weeks or so. But, it’s a little consolation: dramatically lower gas prices. At Costco, the price for regular (87) octane gas recently was $2.159. For Costco members (I am), it’s actually even lower: net...Read More
“Program Trading Gone Wild,” the Sequel? What’s behind gyrating stocks the last three weeks or so? (I know, it seems much longer). Here are two theories: One. Age-old human emotion — fickle, fear-and-greed driven human psychology — is the culprit. In particular, less experienced “retail” investors who chased high-flying tech stocks, and are now freaking...Read More
