"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." - Maybe Mark Twain but could be Josh Billings or someone else entirely The Great Rotation from large cap stocks to small cap and value stocks that started a few weeks ago, continued unabated last week. There's a lot [...]
I don't know the answer to the question posed in the title. No one does because the future is not predictable. I don't know what will happen in Ukraine. I don't know how much what has already happened there - and what might - matters to the US and global economy. I don't know if the Fed is making a [...]
How often do you check your brokerage account? There is a famous economics paper from 1997, written by some of the giants in behavioral finance (Thaler, Kahnemann, Tversky & Schwartz), that tested what is known as myopic loss aversion. What they found was that investors who check their performance less frequently are more willing to take risk and experience higher [...]
You have to laugh at the absurdity of the puppet show theater. A few months ago when bond yields backed up a little bit, as they do from time to time, everyone from Bond Kings to Dollar Crash-ists to Economists to just about every writer at the Wall Street Journal and Bloomberg became fixated on yield caps (or yield curve [...]
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