Was that it? It feels ridiculous to ask, given that at the lows of last week, the peak-to-trough decline in the S&P 500 was just 5.2%. It feels ridiculous to ask, given that at the lows of last week, the market was still up 21% YTD. But it is a reasonable question, given that stocks have aggressively…
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Electric car upstart Tesla gathered reporters at a Santa Monica Airport hangar on a July afternoon in 2006 to unveil its battery-powered roadster, an audacious, $100,000 two-seater for which few automotive experts saw much hope of success. The company’s brash, tech-savvy CEO, Martin Eberhard, declared that Silicon Valley ingenuity would teach Detroit’s auto giants how…
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This is something I was completely unaware of. Anyone who has given even a moment thought to how the Dow is calculated will appreciate that it is a useless anachronistic tool but I had no idea how screwed its calculation was. Apparently, the calculation of the Dow has a series of historical errors that were…
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I must have slept through the biggest crash in history that was supposed to have occurred in October. As you would expect I have a bit more to say about this and am just putting together a video.
Whilst much is written about the many aspects of trader psychology little is written about how boring trading can be as you either wait for an appropriate signal to appear or you sit with an existing position. Trading requires a great deal of patience – the problem is that everything associated with markets seems to…
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I have just snipped the image below as the market in the US closes. The US market is apparently being rattled by the potential for ripple effects from Evergrande the Chinese real estate group which as can be seen below does look distinctly wobbly. However, markets go up and markets go down. I understand that…
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