- An impressive 1% move in the major indices today, no? No. The NYSE volume of 634mm shares (real-time) at 3:15PM almost looks like a misprint. Either everyone is on vacation or there is absolutely no conviction in today’s rally.
- The first time housing data misses estimates in the last few months and the media immediately spins it as a positive. Convenient.
- Are stocks simply moving higher in anticipation of the SEC’s final ruling on short sales changes? Naked shorts are definitely scrambling again….
- Am I the only one that reads the weekly consumer sales data? This week’s figures were nothing short of atrocious.
- The recent GDP data in Europe sure got people excited. Don’t be fooled, Europe isn’t recovering any time soon.
- Is copper telling me that my entire secular bear market thesis is wrong?
- The collapse of the beta trade didn’t last long. Like a bi-polar monkey on meth the momentum junkies jumped right back into the boat today:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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