Pinched this from one of our Mentorees who posted in the Alumni forum. Best break from a base I have seen in a little while. Hat tip to FH for spotting the break.

And this is why we wait for new highs…..

…it gives me someone to poke fun at The Long-Term Argument for Dow 20,000 Despite all that is written about the folly of prediction and how experts are chronically wrong in almost every prediction they make people still pay attention to them.  

Every so often you come across a statement that so neatly encapsulates what is wrong with almost every aspect of the modern world that you stand and marvel that someone has actually uttered it. Whilst heading off to the gym I heard that at a recent get together someone had stated that the war on…

…a hard way to make a living. They simply do not pay enough….

….and I have no idea….

“Young men think old men are fools; but old men know young men are fools.” -George Chapman (1559-1634)

If you have not done so watch Ken Burns documentary on the Civil War – it is a profoundly compelling and surprisingly gentle doco on a nation tearing itself apart. Ken Burns: On Story from Redglass Pictures on Vimeo.

Snipped these from the always interesting Practical Quant Hedge funds are still rubbish……

…when you practice…..

Damage to the share price is all well and good but why are none of these bastards in prison enjoying the benefits of sharing the soap……..