In my 30 years in the markets, I have seen many investors who make tons of money trading pure momentum only to lose more than they made in the first place. The irony is that many such investors repeat this cycle again and again. The reason many investors go through
The stock market goes up almost every day. Animal spirits are running. Who can blame investors for throwing caution to the wind? Over the last two days, shades of 1999 are beginning to appear. Investors may recall that the market crashed in 2000. Conservative investors may want to be careful.
There is no shortage of absurdities in our world. In the first presidential debate last week, Gov. Mitt Romney added two more. “I like coal. I’m going to make sure we continue to burn clean coal. People in the coal industry feel like it’s getting crushed by your policies,” Romney