As we are now in a government mandated lockdown in the entire state of California, and New York as well, it is time for cooler heads to prevail, if they exist, amongst public policymakers. We are not health experts, as we have said, but we are a professional research organization in that we make a living researching ideas of all sorts, and...
Thursday, March 19, 2020
As for Volatility -- There's More Problems than the Coronavirus!
image: YouTube (link).
If anyone really enjoys the kind of wild swings in individual stocks that make no fundamental sense (and, for that matter, swings in the major stock market averages) and that have been an increasing hallmark of the market for the past couple of decades and not just in the recent sell off, then they should just keep...
Thursday, March 12, 2020
Don't get off the train, 2020 edition
On Monday, March the 2nd, 2009 we wrote a blog post entitled "Don't get off the train" advising readers of this blog not to panic and liquidate long-term investments during the severe bear market that was then underway.
The title of that post was a reference to the fact that the market can move very rapidly and with a lot of violence, and that...
Monday, March 09, 2020
The "Hissy Fit" Continues
As of this morning, March 9, 2020, we are witnessing a continuation of the "hissy fit" in markets that we wrote about last week. Within a few moments of the market open, markets were halted across the board on the NYSE and NASDAQ due to "circuit breakers" that kicked in when the market dropped 7% in the session. Since that time,...
