Blog Category: Economy

I’ve worked in the news industry. The news industry (not all, but a lot) is filled with angry, bitter people who want you to be as angry and bitter and miserable as them.  They type their headlines: “BLAH BLAH DEATHS BLAH BLAH BLAH MISERY!!!!” And they joke around how shitty their bosses are and how […]

[Editor’s note: The below article was written by my colleague, Bob Byrne. Some of you may already be familiar with his work. For more information, see his bio at the bottom of the article.] During my first week trading, all I could do was stare at my desk. Phone numbers covered every inch of my […]

For the past month on my podcast and on my Instagram Lives and on Twitter, I’ve been begging people to be rational.  I said:  “This virus has a lifespan of about three months. Which would imply a peak in the U.S. of around April 15, give or take (and might be different per city).” “Less […]

The market was up huge yesterday. I don’t like it.  I want the market to go up. I’m absolutely sure that there is greater than a 95% chance that the markets will be SIGNIFICANTLY higher in the near future.  In other words, on the one hand, the market is a strong buy.  But as I […]

The rules Rule #1: Never try to call the bottom It’s OK if you buy something and then it goes down more. Just don’t use what’s called “leverage” (i.e., borrow. In this case, you can go broke). Rule #2: While some say, “Buy when there is blood in the streets,” I don’t like to do […]

They survived the Great Depression, WWII, Vietnam, 9/11, the financial crisis, social media(!), and six pandemics. And probably a divorce or two. I always want to be the dumbest person in the room. Now we’re all in virtual rooms so it’s trickier. But the people in the attached graphic have been there, done that, and […]

Finally!  A reasonable day in the markets. This is the first good sign I’ve seen in the financial markets since this crisis began.  But, one might ask, what about those days that went up 10%?! Those were GREAT days, right?  NO! Volatility is volatility. Volatility is the enemy of your bank account. Most people are […]