"No one is line dancing over the fact that the market is at 2,700. No one feels good about it. The market likes to climb a wall of worry, and the stonemason has been hard at work. So I think we continue to grind higher," said Jason Trennert, chief investment strategist at Strategas Research Partners.
With the May 15 options expiration only ten trading days away, there is a heightened probability that your short options position gets called away. We have the good fortune of having a large number of deep in-the-money call and put options spreads about to expire at their maximum profit points, five to be precise. If
"The most powerful weapon of a modern army is the printing press," said T.E. Lawrence, otherwise known as Lawrence of Arabia.
"If the product is free, then you are the product," said a technology company CEO to me the other day.
"By historic, fundamental measures, stocks are extremely high. PE multiples are at 100 year highs. But if you look at stock prices relative to interest rates, they are exactly where they should be," said hedge fund legend, Stanley Druckenmiller.
"Interest rates are gravity. When they are zero, share prices can go to infinity. When they are high, as they were during the early 1980s, the gravitational pull can be very strong," said Oracle of Omaha, Warren Buffett.
I almost got to take a shower today. However, whenever I got close to the bathroom, I'd get an urgent call from a concierge member, Marine buddy, Morgan Stanley retiree, fraternity brother from 50 years ago, or one of my kids asking me which stocks to buy at the bottom. It’s been that kind of
I've been reading your blog for a while and found it a helpful beacon in a sea of confusing and contradictory information as I try and make sense of the world (and try and make money from sense!). Kind regards, Toby London, England
"The Obamacare website had technical issues all week because of too much web traffic. You can't campaign on the fact that too many people don't have health care, and then be surprised that millions don't have health care. That's like 1-800-FLOWERS being caught off guard by Valentine's Day," said a comedian on Saturday Night Live.
"In the US you, had ten bad years in a row (during the Great Depression) and it still turned out to be a pretty good century," said Lloyd Blankfein, CEO of Goldman Sachs.