Here’s the PDF file for this weekend’s client note: Top Gun FP Client Note: The Causes Of The Financial Crisis.
I walked into the office yesterday evening and there was someone on CNBC talking about how the 50-day moving average of the S&P 500 rising above the 200-day moving average was telling us the market was getting ready to rise…
MOMENTUM is one of the great puzzles of finance. It is the tendency for stocks that have previously risen to keep going up. Of course, it does not square with efficient market theory, which states that past price information tells…
As we wind down the week, it’s time to start preparing for the next one. The calendar will again be light with the key events being the August CPI Report on Wednesday morning, Apple’s (AAPL) Wonderlust event on Tuesday morning…
Economics achieved coherence as a science by amputating most of human nature. Now economists are starting with those parts of emotional life that they can count and model (the activities that make them economists). But once they’re in this terrain,…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
While the recent price action has been docile, I believe we’re in the eye of the storm, a relative calm between the first phase of the financial crisis and the cumulative comeuppance that’ll flush — and perhaps reset — the…