There is only one side of the market and it is not the bull side or the bear side, but the right side.
September 28, 2012
It was a late summer day in 1955. Stamps and newspapers were three cents. A bottle of coke cost a nickel. That summer I was a 12-year-old caddy earning $1.25 for a round of golf plus, generally, a small tip. But on this particular day I would realize what it would take to make significant money as an adult.
The man I had...
September 12, 2012
It was 33 years ago this month when I got off the subway and stared at a newsstand copy of Business Week. The cover read “The Death of Equities.” It was 1979, five years removed from the 1973-1974 bear market. I was totally flummoxed by the story. The story was incomprehensible to me.
True the Dow Jones Average had been going...