Never Mind That Late 2018 Stock Market Swoon “Making money in the stock market is easy: only buy stocks that go up. If they don’t go up, don’t buy ’em.” —-Mark Twain I finally figured out why investing — in the stock market or anywhere else — is so vexing. Because there are only two...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
When Rigged Markets Become Unrigged “If all you have is a hammer, everything looks like a nail.” –Abraham Maslow “When asset bubbles predominate, everything looks like a pin.” –Corollary; Ross Kaplan In over 40 years(!) watching the stock market, I’ve conservatively witnessed at least 100 dips of 5% or more (20% corrections are rarer, and...Read More
