Dow Post Sandy

Markets are always interesting – even when they are not doing anything they are interesting. The thing that interests me most about this is that the Dow did not go down, although one possible interpretation of this could be that it is simply a relief rally. That is we are relieved that we didn’t wake…

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Chart Of The Day

Not mine….someone else’s. The chart below dropped into one of my junk email accounts. This is a chart of the S&P500 PE ratio – I can see what people are attempting to do when they construct such charts. My interpretation is that they are looking for signs of mania – that is a distortion in…

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October

As we near the end of the magic month….according to some. I thought it might be interesting to see whether October is all its cracked up to be. Apparently it isn’t, below are the average monthly returns generated using as much data as I could get. Data trumps bullshit once again….

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