I have been reading a number of trader blogs recently trying to get a qualitative read on the mood hoping to find traces of capitulation. Unfortunately, the mood seems to be “hopeful.” As S&P500 approaches the November lows, VIX is actually half of where it was then. As usual, all participants are trying to determine what may happen next. Some apply complex metaphors from other paradigms to the various markets to see if these explain the numbers…

While reading a post from Daily Speculations, I thought of many reasons why the markets are so fascinating. I think it important to be fascinated for the right reasons. Here’s the partial list for me…

Growing up in an apartment building, we had a hallway that had four doors to four homes. My mother would always clean the entire hallway but for some reason our neighbors would only clean the small area between their own door and the hallway entrance. It would always puzzle and bother her why they only cleaned in front of their door. Did they think dust in other areas would not move? A few years later…

You are probably expecting my magic formula for shifting massive amounts of wealth or winning in the stock market. I’m sorry to disappoint. I have not found the alchemist’s magnum opus. As soon as I discover it, I’ll share immediately. In the meantime, I want to share my thoughts about a different type of wealth…

I have been working on a small writeup for a couple days but today I as watched the House Committee on Oversight and Government Reform hearing, I decided to write a few thoughts instead. I recommend everyone watch this hearing but not from the perspective of what is being discussed. I noticed that the once revered Dr. Greenspan who had even been considered more powerful than the president of the United States at one point was being attacked like a common criminal…