Perhaps one of the most interesting observations history will make in regard to the present bull market is just how much it’s governed by language and not numbers. While this may have always been true to some extent, there are few times in the history of the American stock market when this fact, by itself, so obviously outweighs fundamental and technical considerations.
So clear and present is the power that language, backstopped by no more than mere words, wields over today’s market that I’d even go so far as to describe what it has become as a managed stock market.
Continue reading “The Story that Bewitched Us All and Turned Wall Street into a Managed Market”
* Prefatory Note: This post is intended to be satirical.*
As an American citizen who loves his country and is concerned about its future, I’m proud to admit that I also love money. So much so that I spend hours a day pouring over financial news and sage commentary from our nation’s army of astute economists. Through my constant attention to this barrage of knowledge and, if I may say so myself, my own rather sagacious wealth management, I’ve come to see myself as somewhat of a financial guru. Not formally or professionally, of course, but what I’d humbly refer to as the armchair variety.
Continue reading “A Modest Solution to Finally Resolve the Problem of Poor People”