There is something interesting happening beneath the surface in the market right now. While the S&P is on the verge of making new all time highs above 7,000, the stocks that are really working are defensive in nature. The S&P…
Disney (DIS) has been struggling for years but I think this morning’s post-earnings selloff represents a nice entry. The stock has been consolidating for a long time and I thought the quarter was pretty good. Let’s talk about the quarter…
And the Lord said unto Cain, Where is Abel thy brother? And he said I know not: Am I my brother’s keeper? – Genesis 4:9 As an observer of human nature, it’s clear that human beings are extremely driven creatures….
Let me start this blog by saying that I am a big Pat Lyons fan. Over the years I have encountered a lot of people who say he’s not that good of a poker player or he inherited all his…
On Monday, Bridgewater Founder Ray Dalio wrote a well read article on Twitter and LinkedIn titled “Money, Civil and International War, Minneapolis, and Beyond – In Perspective”. In that article, Dalio argued that we are in the process of moving…
The precious metals – especially silver – have gotten overly extended to the upside while the dollar seems due for a countertrend rally. SLV closed 144% above its 200 day moving average on Wednesday as massive amounts of funds flow…
Most poker players have no chance of winning a big tournament because they play too tight. Let’s say the starting stack in a particular tournament is 30,000 and the blinds start at 100/200/200. The weak tight player reasons as follows:…
In his book Small Giants: Companies That Choose To Be Great Instead of Big (2005), Bo Burlingham has written a book about the possibilities of business. When we talk about business, we usually talk about the large corporations that dominate…
I haven’t played much poker in the last 4 1/2 months as life has interfered: health problems, legal issues, business, etc… But I decided to head up to Thunder Valley from the Bay Area early Monday morning to play Event…
As an introduction to this blog I’d like to introduce three important concepts for understanding contemporary capitalism: casino capitalism, the K-shaped economy and financialization. Since I started in the business in 2006, the market has come more and more to…