No Reason At All
I have no reason at all to show the following image other than it appealed to me. Courtesy of the always informative The Onion
DetailsOlden Days Part Two
With Italy showing Greece that it doesn’t have a monopoly on incompetance I thought I would redo the graphs I showed in this posting with a look back period of a one year. As you can see in terms of compound daily growth last year has been a shocker.
DetailsWell This Looks Depressing……
The chart below is from Merrill Lynch’s Market Analysis and it shows according to their definition the last four major bear markets including the bastard of a one we are stuck in at present. From my perspective the issue is the relevance of such charts – granted there are lost decades for buy and hold…
DetailsTV
I have been following The Atlantics remarkable photo essay on WW2. The entire series can be found here Parts of it as you would expect are brutal in the extreme but it does show the extraordinary resilience of people in times of appalling violence. The current series is about life after the war and the…
DetailsThings Were Better In The Olden Days
Thought I would knock up a dodgy chart looking at the daily returns on the All Ords for the past 10 years versus the past two years. As you can see the past two years has not been the best time to be a long side trader or buy and hold peanut. Ten Years Two…
DetailsVolatility
I came across this interesting little graphic in the NYT at the weekend and thought interesting little picture might see what the underlying article has to say. To save you the trouble of reading it, the article is a little piece regarding volatility and the lack of movement in the S&P500. The concluding paragraph of…
DetailsBuilding A Financial System That Works For The Real Economy
Interesting talk by Sony Kapoor a former Lehman employee on how the financial system works versus how it actually should work.
Hedge Funds
The hedge-fund industry just had its fourth-worst quarter on record, according to one industry watcher. Hedge funds lost 5.5% in the quarter, according to Hedge Fund Research Inc., “trailing only the third and fourth quarters of 2008 and the third quarter of 1998.” More here This is not surprising – as I have mentioned before…
DetailsMan Financial
I wonder if they soon will have convictions 
