March 19, 2025 - Quote of the Day
"Everybody talks about the Volatility Index (VIX), but the new fear gauge is the 10-year Treasury bond," said Art Cashin of UBS Financial Services.
Entries by MHFTR
March 18, 2025 - Quote of the Day
"A fool learns from experience. A wise man learns from the experience of others," said Otto von Bismarck, the first Chancellor of Modern Germany.
March 4, 2025 - Quote of the Day
"It is fine to have the longest view in the room, as long as the thing at the end of the vista is a gigantic hill of money," said John Lanchester of The New Yorker magazine.
Right Sizing Your Trading
I can’t tell you how many times I have been woken up in the middle of the night by an investor who was sleepless over a position that was going the wrong way. The Dow Average cratered by 1,200 points, Gold was down $50, the Euro was spiking two cents, and oil was making one
The League of Extraordinary Traders
I never cease to be impressed with the readers of this newsletter. I was reminded of this once again in Salt Lake City, Utah a few weeks ago. Readers seem to fall into three categories. 1) Entrepreneurs whose businesses become so successful that they are throwing off plenty of excess cash to invest. This led
February 13, 2025 - Quote of the Day
“Lower yields, for longer, and lingering. I don’t think we’re going to get to an end for some period of time. The money that has been pumped into the system is going to keep equities high,” said Mark Grant, managing director of Hilltop Securities.
January 24, 2025 - Quote of the Day
“Fair value doesn’t mean you have to go down. It just means you have to be cautious,” said hedge fund legend David Tepper of Appaloosa Management.
Trading for the Non-Trader
I like to start out my day by calling readers on the US East Coast and Europe, asking how they like the service, are there any ways I can improve the service, and what topics they would like me to write about. After all, at 5:00 AM Pacific time, they are the only ones around.
January 21, 2025 - Quote of the Day
"In both the 1982 and 1990 gains, the market accelerated at the end. Lightening may not strike twice but we would advise against flying a kite in a thunderstorm," said Laszlo Birinyi of Birinyi Associates.
January 17, 2025 - Quote of the Day
"Investing now is like taking a shower while Norman Bates is somewhere in your house," said Jim McTague, a journalist at Barron's.