Anchoring Problem
The Anchoring Problem Quick question: what did you pay for your first car? I’ll bet you remember. Mine cost $430 (it was a long time ago, and it was a gutless wonder.). I’ll bet you remember what you sold it for too (unless it fell apart, like mine). But what did you pay for your […]
Market Sentiment
Measuring Market Sentiment. After last week’s unusual blog writing circumstances, I was musing on emotions and the role they play in life and in the markets. I read some articles, and this caught my eye: Notably, we are in one of the longest stretches of more extreme bearish sentiment outside structural bear markets. Really, I […]
The Unexpected
Expect the Unexpected. This blog is coming to you from the roadside just outside of Le Bugue, in the Dordogne. I am stranded. Wearing a gilet jaune. But that’s a story for later in the blog. Let’s get down to business. One up, one down That’s the last 2 weeks. The first was all up, […]
It’s a Bull!
ITM IN Signal – Please Read Well, it was yesterday! On Saturday I wrote: We’re looking at a bull, baby as it may be. We wanted a bull – and now we have it, But why, oh why, I ask, does the market always wait until I am on holiday before deciding to start a […]
Consolidation
Consolidation means boredom. What an uninteresting week. After all the wild rides we’ve been having recently I guess we should welcome it, but it still feels boring and boredom is NOT a trader’s best friend. It often leads us to do something dumb just because we feel we should be doing something. But is it […]
Bye Bye Bear!
Bye Bye to the Bear! At least for the present. The recent dip, while unsettling, seemed to lack conviction. It had – to me – the hallmark of a hysterical reaction to political doom sayers, rather than a measured response to economic conditions. But you can never be sure, hence the decision to get out […]
