The Market is Amazing and Nobody’s Happy: Kierkegaard, Louis CK, and the Stock Indices

May 16, 2015 · Posted in Daily Charts, Funny, Weekend Reading · Comment 

The major market indices have made or are near new highs and no one is happy, and that’s because we want a correction, not a rally.
The philosopher, Kierkegaard said that dread or angst is a desire for what one fears. Louis C.K. knows this, and though he understands happiness is within the moment, he does not live there. He is thinking ahead, all the time, and that is where dread resides, outside of the moment and just around the corner. That’s what traders and money managers do, think around the corner. They are anxious by nature, too, although they are skilled at hiding it, otherwise they would be selling small arms and seed. Sometimes, however, a little of the ever present, rarely expelled market angst seeps out like a gas leak into the media and onto the floor of the exchange, you can see the noxious effect in Bob Pisani’s eyes. My broker friend, Phil told me the other day that he senses a disturbance in the force.
It may be the lack of volume or a fundamental picture that is improving but hasn’t improved enough, or simply trader fatigue. I don’t know. This is what angst does, it fatigues you, sets you to ramble mode, soon you’re looking at charts and spreadsheets and wondering what Louis would do. Somebody needs to monetize mobile, and quick.

(Disclaimer: This column was meant to be humorous, with a small underlying measure of insightfulness. It does not reflect my base feeling of optimism about the market or my positive outlook on life. So to all my friends and family, stop texting me, everything is fine.)

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What’s Inside the Millennium Time Capsule?

August 3, 2014 · Posted in Weekend Reading · Comment 

If you don’t want to wait until 2100 to find out, here’s a look at some of the contents.

12 Books Every Investor Should Read

August 3, 2014 · Posted in Weekend Reading · Comment 

Here they are.

Do You Live in a Cat or Dog State?

August 2, 2014 · Posted in Weekend Reading · Comment 

Which is it: canine or feline?

Six Things You Didn’t Know About Bonnie and Clyde

August 2, 2014 · Posted in Weekend Reading · Comment 

Here are six interesting facts about the young gangsters in love who robbed banks across the Southwest during the Great Depression.
bonnie and clyde

Did You Buy the Friday Dip? Read This.

August 2, 2014 · Posted in Weekend Reading · Comment 

This article suggests the damage this week was too severe for a “V” shaped recovery, and that markets are less likely to bottom on a Friday.

Edmunds.Com Gives Tesla Model “S” Mixed Reviews

August 1, 2014 · Posted in Weekend Reading · Comment 

Edmunds.com conducted a long-term testing of the Tesla Model “S” and gave the electric car a mixed review.

Does Trading Affirm Who You Are or Compensate For Who You Aren’t?

July 27, 2014 · Posted in Weekend Reading · Comment 

I posted this link yesterday and think it is important enough to re-post just in case you missed it. It speaks to what motivates us to trade and whether it is affirming a positive or negative aspect of our character.

“Trading doesn’t build character, it reveals character”, is a play on the famous Marv Levy quote about football.

Football

I’ve read a lot of articles on the psychology of trading, but this short piece by Brett Steenbarger on TraderFeed really gets to the heart of what motivates traders and what it reveals about their character.

Which Professions Have the Most Psychopaths?

July 27, 2014 · Posted in Funny, Weekend Reading · Comment 

Ever wonder which professions had the most psychopaths? Or the least? Take a guess and then check out the link.

When Was the First High Five?

July 26, 2014 · Posted in Funny, Weekend Reading · Comment 

It happened during a Dodger game in 1977, between Dusty Baker and Glenn Burke.

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