EppsNet Archive: Stock Market

Today Would Have Been a Good Day

I’ve always been tempted to short Abercrombie & Fitch stock based on the abysmal quality of people I see wearing their merchandise. Today would have been a good day to actually do it, as a deal to sell the company fell through (If you’re not familiar with stock charts, today’s activity is reflected in the vertical purple bar plummeting toward… Read more →

Could Donald Trump Have Made More Money in an Index Fund?

I’ve seen this theory advanced by multiple sources, including the attached clipping, which I saw on Facebook. I don’t know the original source, but the finger-painting reference is a clue that the author has an anti-Trump agenda, hasn’t done the math and is just repeating something that may or may not be true for the benefit of anyone predisposed to… Read more →

Illusions of Patterns and Patterns of Illusion

In 1978, [Leonard] Koppett revealed a system that he claimed could determine, by the end of January every year, whether the stock market would go up or down in that calendar year. [Koppett’s system] worked for eleven straight years, from 1979 through 1989, got it wrong in 1990, and was correct again every year until 1998. But although Koppett’s predictions were correct for a streak… Read more →

Drink Recipe

This is a great drink to beat the heat and smooth out market volatility. Pour some rum over ice and top it off with cola. Garnish with a lime wedge (optional). I need to think of a name for this . . . Read more →

There is No Such Thing as Information Overload

Looking over my notes from an Edward Tufte course . . . There is no such thing as information overload, just bad design. Example: Google News presents hundreds of links on a single page and no one complains about information overload. Example: The financial section of the newspaper presents thousands of numbers and no one complains about information overload. Read more →

Obama the Entertainer

The Dow Jones Industrial Average dropped by 300 points to end below the 6800 mark for the first time in nearly 12 years, as a broad-based selloff seized the markets, sending shares lower in every sector. The S&P 500 briefly dropped below 700 for the first time since October 1996 before ending just at that level amid across-the-board declines, including… Read more →

Let’s Get Fiscal

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. — Warren Buffett BIG DEAL! I said the same thing last week! Who needs Warren Buffett when you have a good dog? Talking about Warren Buffett is making me hungry because his name looks like “buffet.” I wish someone would open… Read more →

Dog Investors

Hi Everybody — I saw this headline today on an Associated Press story: As a dog investor myself, I just wanted to assure you that I am not worried. In fact, I’m sleeping like a puppy . . . The key to investing is taking a long-term view of the market. Stocks are down? It’s a buying opportunity! Among the… Read more →

Good News, Bad News

First the bad news: ARE YOU KIDDING ME?! THERE’S NOTHING BUT BAD NEWS! THE HOUSING MARKET HAS COLLAPSED! GLOBAL MARKETS ARE IMPLODING! EVERYTHING IS SPINNING OUT OF CONTROL! THE FALCON CANNOT HEAR THE FALCONER! THE CEREMONY OF INNOCENCE IS DROWNED! THE BEST LACK ALL CONVICTION WHILE THE WORST ARE FULL OF PASSIONATE INTENSITY! EVERYBODY PANIC! OK, now the good news:… Read more →

Depression 2.0

Mr. Obama is proposing to raise taxes on capital gains and dividends by a staggering two-thirds, moving the rate up 10 percentage points to 25%, which could curtail investment and business on Wall Street, a backbone of the city’s and state’s economy. — New York Sun OK, let me get this straight . . . the stock market’s dropping, banks… Read more →

This Doesn’t Look Good, Indy

IndyMac, my former employer, laid off another 3,800 people this week, more than half the remaining work force. I got the axe myself almost exactly a year ago. Prediction — at job interviews, these people will hear something I heard a lot during my own interviews: “We’re seeing a lot of applicants from the mortgage industry.” Yeah . . .… Read more →

Warren Buffett Gets the Last Laugh

Warren Buffett published his annual letter to Berkshire Hathaway shareholders this week: Our gain in net worth during 2003 was $13.6 billion, which increased the per-share book value of both our Class A and Class B stock by 21%. Over the last 39 years (that is, since present management took over) per-share book value has grown from $19 to $50,498,… Read more →