Facebook…..
Not much more to say really………..
My Stocks Have Different Names So I Am Diversified……Right?
One of the most misunderstood issues in trading is the notion of diversification. I can distil the standard mantra of how the sell side of the industry defines diversification into – so long as your stocks have different names you are diversified. So no need to worry. Unfortunately, this is not true. In small closed…
DetailsDow Post Sandy
Markets are always interesting – even when they are not doing anything they are interesting. The thing that interests me most about this is that the Dow did not go down, although one possible interpretation of this could be that it is simply a relief rally. That is we are relieved that we didn’t wake…
DetailsSandy-Cam
As an unabashed fan of extreme weather I bring you Sandy-Cam courtesy of a camera on the 51st floor of the New York Times building.
Punch A Hedge Fund Manager In The Head Day…..
I think a much better idea would be to allow disgruntled clients to pay to punch their hedge fund managers in the head.
Chart Of The Day
Not mine….someone else’s. The chart below dropped into one of my junk email accounts. This is a chart of the S&P500 PE ratio – I can see what people are attempting to do when they construct such charts. My interpretation is that they are looking for signs of mania – that is a distortion in…
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