US Markets
Just some US charts that interest me. NYSE Cumulative New Highs – New Lows NASDAQ Cumulative New Highs – New Lows
Details76% Of All Statistics Are Made Up
Whilst heading to the gym this morning I heard on the radio that police had seized 280 kilogram of methamphetamine with a street value of $205 million. Apart from thinking I was in the wrong business I thought bullshit. The reason I said bullshit was simply the result of a quick bit of mental arithmetic,…
DetailsStock Sweet Sixteen
Apparently the image below has been doing the rounds as the drivers of US stocks. To which I say…. Simply because it ignores the overriding issue of our perceptual driver. The thing in control of all markets is our own tiny brain and the silly things it does.
DetailsHedge Funds Fudge Their Data…Say It Isn’t So
From The Economist – Some revisions may be down to cock-up but a closer look hints at conspiracy. Counter-intuitively, most fixes aim to make performance look worse than originally stated. That is probably because two-thirds of funds charge performance fees only if they are at or above their highest valuations. Eager to bring forward the time…
DetailsNot Everything Is As It Seems
Every now and again I tend to review the relative performance of markets to get a sense of what is happening. I also do it to make certain I have not missed something that is glaringly obvious. Such a task is more of an overview hobby because in the world of relative performance not everything…
DetailsGet High Off What You Do
I am not really one for motivational crap – all that Anthony Robbins bullshit that simpletons fall for makes me want to bash my own testicles with a hammer. However, every now again you come across a piece that is really quite simple in its message. Change the lifting metaphors and setting to trading and…
DetailsRational Rationality.
People are not irrational-at least not as much as we are led to believe. This is because the brain is economic. That is, brains have a limited amount of energy to achieve necessary goals like survival and reproduction. As a result, brains have evolved ways to make decisions in an efficient way. Professor Richard McKenzie at UC…
Details
