ITM BLOG

Are We There Yet? Identifying the top of the market is very easy in hindsight. It always seems so obvious, and everyone is an expert after the fact. But it’s not quite so obvious when

Financial Advisors. OK, maybe I’ve got it in for financial advisors. I am not one myself, and have never been interested in being one. But I am aware of the draconian penalties if you give

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

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.

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,

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