The Terra Lunacy (cough cough) is about creating and destroying. If you’re thinking, “Lord, I want to read about cryptocurrencies like I want to use a power tool on a molar,” hang on. It’s about stocks. But first, here is…
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“The market structure is a disaster.” That’s what Lee Cooperman said in a CNBC conversation yesterday with “Overtime” host Scott Wapner. What he thinks is wrong is the amount of trading occurring off the exchanges in so-called dark pools and…
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Did you know the Caribbean is full of brown boobies? The blue-footed brown booby, about the size of a seagull. We’re just back from sailing St Martin and St Barts, where the critters of both sea and sky delighted. Unlike…
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Ahoy! As you read, we are stopping in Charlotte en route to a 2pm arrival in Sint Maarten in the Caribbean. We saw the inflation print at 8.5%, plunging consumer confidence, rising credit risk, the supply-chain morass, and said, “Let’s…
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Here’s my grand unified theory on the world. We stopped following the rules. Not that humans don’t color outside the lines routinely. But in the last two years we jettisoned restraint. That gave rise to chaos in the stock market,…
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See this photo? Winter Carnival in Steamboat Springs. The Old West. Sort of. People ride shovels on snow down main street behind horses. Now. What the hell is happening in extended-hours trading? Could be a shovel ride. You might’ve forgotten…
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There’s no excuse. It’s 2022. Not 1934, when Benjamin Graham wrote Security Analysis. Back then, the timeless notion of buying profitable companies with undervalued growth opportunity took firm shape. But its interpretation would have to be shaped by the Securities…
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