Is The Stock Market Headed For A Black Swan Event?
Nassim Taleb’s 2006 book titled “The Black Swan” is a must read for any human being with a pulse. In the book, Taleb describes a “Black Swan Event” as an event that no one could possibly imagine happening (akin to…
Huge Market Rally – Now What?
Since February 11th of this year the s&P 500 has rallied about 14%. Don’t get too excited, this huge market move gets the S&P to a year-to-date return of about 1%. The article below from Forbes may help put the…
Seven Years In, The Bull Market Marches On
The bull market in US stocks that began in March of 2009 is now seven years old. This article from Bloomberg shows some of the winners and losers over that time frame. I think the most interesting piece in this…
Sell Everything?
With the US stock market down over 7% already in 2016*, many are questioning if the bull run is over. There have been a number of articles written over the last few weeks that mention the “R” word (recession). Also,…
Mutual Funds Miss the Mark, Again
Once again, the majority of mutual funds failed to beat their benchmark in 2015. This article from Reuters has some great statistics on the recent under-performance of mutual funds. Such as: the majority of actively managed mutual funds have not…
2016 Stock Market Predictions
As 2015 comes to a close, large Wall Street banks release their market predictions for 2016 – the article below does a great job of summarizing these predictions. After reading these predictions year after year, one realizes that the predictions…
The Stock Market Has Bounced, Now What?
Since the highs in July the S&P 500 had corrected about 14% – the Dow Jones fell even more. In September, just when things looked about to get worse, the market started moving higher and has not stopped. As of…
Selling Stocks Is Easy
There are few things worse than having the market go against you. As a Wall Street trader for many years, I have had tens of thousands of positions go against me – not fun, but each was a lesson learned….
Is Market Negativity Good For Stocks?
With the Dow Jones Industrial Average down 8% year-to-date, investor attitudes are gloomy at best. Yet the US stock market is at the same point it was in September of 2014 – we are close to “unchanged” on a year-over-year…
How To Handle Stock Market Crashes
My rule #1: Panic when others are calm, be calm when others are panicking. This rule served me well during my time on Wall Street – some of my best trading days occurred on days when “panic” was in the…