Stock Market Non-Predictions, Over-Predictions, and Other Tricks of the Trade “Predictions are hard, especially about the future.” –Yogi Berra Apparently, there are two ways to be beat a polygraph (lie detector) test: 1) be a truly “cool cucumber,” who is absolutely non-reactive to every conceivable question; or 2) wildly overreact to every question, so that...Read More
Cloudy Crystal Ball To get some historical perspective on today’s financial crisis — and possibly divine some hint of where things go from here — I’ve been skimming “This Time is Different: 8 Centuries of Financial Folly.” The co-authors, Kenneth Rogoff and Carmen Reinhart, are highly pedigreed economics professors; almost half of their exhaustively researched,...Read More
Cramer: ‘Home Buyers Need a Bigger Carrot’In the financial community, Mad Money’s Jim Cramer is known for being a showman first, and for prescient market calls a very distant second (his manic, shotgun approach to stock picking seems to be if you throw enough darts, sooner or later a couple are bound to hit the...Read More