Big Waves & NVIDIA
Big Waves & NVIDIA. Well, last week it was all about NVDIA. What a ride! I know NVDA is a single stock and I caution about getting involved with individual stocks, but NVIDIA was important last week because it was reporting earnings and guidance which was going to affect the whole market. We were at […]
New Highs & Euphoria
New Highs and Euphoria. The market has been making new highs – but are we in euphoria? Bloomberg thinks so: The Bank of America thinks so: Although they could be accused of hedging their bets. Only 2 months ago they were saying: One of them is going to be right – but which one? Lets […]
Sunk Costs
Sunk Costs. That traders tend to cut their winners and let their losers run has been demonstrated by many studies. When they are on a winning trade, they become fearful that it will go bad, and they will lose the profits they have made. Conversely, when they are in a losing trade, they tend to […]
Bubbles, Long Tails & Freedom
Bubbles, Long Tails and Freedom. I have been reading the Psychology of Money by Morgan Housel, a best seller about wealth, greed and happiness. It didn’t start well; there were the usual stories, one about a man who pumped gas and swept floors all his life and died with $8 million in the bank. The […]
