It isn’t as important to buy as cheap as possible as it is to buy at the right time.
October 26, 2011
It was late October and dark in the early morning as I entered Boston’s newest and highest skyscraper, the Bank of Boston. I walked through the lobby to the far end of the elevator bank and pressed the button to the 37th floor, the penthouse. There were two massively opposing 12 foot high oak doors at the office entrance. ...
September 16, 2011
It's been a tough few months for the stock market but things could be worse. While the S&P 500 has declined roughly 12% from its peak in early May, the price action overseas makes the grass look a lot greener on this side of the pond. While we struggle domestically with high unemployment and uneven economic data, foreign markets ...
September 06, 2011
“Oh, my! MRK (Merck Drug) is trading like soybeans!” screamed the shocked trader. It was the spring of 1982 and stock futures and program trading had just been introduced to the equities market. Prior to then futures, which existed for hedging purposes, were only in commodity markets. Computer-driven Program Trading– the simultaneous...
August 09, 2011
As a wanna-be screen writer I know that drama is all about conflict. Without conflict there is no drama. It fascinates and entertains us. Innately, we desire to learn from other people’s mistakes.
In the investment business there is always drama in the macro picture. So Wall Street firms hire strategists who attempt to tell us...
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