Jan

23

 1. All the Fed governor speakers have become bearish for the stock market as they are fish out of water and can't believe that the elected doesn't share their view that central planning and regulation and higher service rates are good.

2. The years ending in '07 have had an inordinate number of big declines in the stock market since 1847.

3. There are hoodoos in the market and basketball. Noah has a tremendous negative number of points against while playing for the Knicks, and now Yellen has that same negative number for the stock market.

4. The statistics on sports now are much better than the statistics on the market. When are the market sabermetricians going to calculate + and - numbers for each market while another one is up or down the way they do routinely in sports. For example, how do stocks do when crude is playing up at noon?

5. The grains are beginning to be affected up by the gravitational influence of the big rise in stocks.

6. The thing that always leaves me in a foul mood is when someone comes up to me and says "I've read your book and I want to say that Reminiscences of a Stock Trader and your book are my favorites."

7. The best history book on a city ever written is Gotham by Morrow and Wallace.

8. The palindrome has been bearish on stocks for 90% of all days since 1980. How much has that attitude hurt his returns since year end 2008 for example.

9. I can't open up to a page in Tim Ferriss' book Tools of the Titans without coming up with at least 2 great ideas that I wish I had practiced. However, Ferriss seems very naïve and many of his gurus are charlatans.

10. Jahinger Kahn they say is the best squash player of all time, but he seems relatively slow on his feet, and his way of skipping back to the center after every show seems dysfunctional for a fast player.

11. The biggest canard relating to fixed income is that crude price moves are ephemeral and don't effect the long term rate of inflation or ppi or cpi.

12. The Hong Kong market and Japanese market and the money supply have big but neglected influence on the US markets.

13. Every ring of market makers with a handful who set the price has been shown to be involved in self dealing activities that on average when investigated has lead to 9 figure fines without much attempts at repudiation.

14. The stock bond ratio has gone up about 25% during the last 6 months.

15. Many markets go up on very light volume to the European opens and then crater.


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2 Comments so far

  1. Jon on January 25, 2017 10:31 am

    Your comment about Tools of the Titans is spot on—what I was thinking but couldn’t articulate as well as you have. I wish Tim Ferris would interview you!

  2. Jack Spudich on January 25, 2017 11:56 am

    1/23 #6 why? Rereading Education now. Still find it valuable.

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