Beer Goggles and Down January’s

Posted on Saturday, January 25th, 2014

On the 14th of this month Dallas Federal Reserve Governor Richard Fisher made a speech titled Beer Goggles, Monetary Camels, the Eye of the Needle and the First Law of Holes. We love reading what Mr. Fisher has to say on monetary policy because he is not an academic and is one of the few, read more.

Correction Looming??

Posted on Saturday, January 4th, 2014

What say yee in 2014? Thanks to Arthur Cashin and the Trader’s Almanac we can see that the first day of any year is not much of an indicator but the first five days have a very good track record. That is, if the market is higher. The track record of a down start is read more.

Be Prepared

Posted on Saturday, December 21st, 2013

As the market rallies cracks are beginning to show in the internals of the market. Arthur Cashin points out this week that the old saw that the public (weak hands) control the market in the morning and the pros take control in the afternoon may be a glaring admission of a tempering of risk by read more.