We experienced a historic day in stock markets last week. On September 13th a volatility ETF $VXX traded more than and S&P stock. Blame what/who you want (we will look into some of the reasons later), people and machines are now trading mood over fundamentals. It all makes sense to me. I saw this happening …
From: September 2016
51 More Years Would be Sweet
I had a great year. My daughter Rachel loves her first weeks at college, Max is number 1 on his high school golf team, my wife Ellen still likes me and my inlaws keep their distance. A few complaints but nothing a highly SEO’d and viral personal blog post won’t cure at some point soon. …
Congratulations Intel….and What is the Fascination with AMD?
Today Intel is hitting sixteen (16) year highs. I passed up a $60,000 purchasing job with them in San Jose right out of graduate school in 2001 because computers were lame and San Jose seemed like a farm town. Genius. The stock is now up more than 30,000 percent since it’s IPO. Screw the job, …
You’ve Been Rothenberged…Thanks Harvard
I was reading this Rothenberg story/comedy/crime/Harvard case study/celebration and was blown away. Not much new here in terms of greed, fraud and silly investor behavior. I have chased returns and have been fooled myself. It’s infuriating and expensive (time, money, confidence). We miss the obvious signs which in hindsight seem so obvious. In this Rothenberg …
America’s in Turmoil and the Markets Just Agreed
Hillary fainted this morning. I assume she saw the Verizon bill from her 14 international data plans or found out Wells Fargo opened 60 credit cards in her name. America was in turmoil and now the markets will be dragged back in. The markets have shrugged off a lot of bad headline news since February. …
Wells Fargo…Thanks Assholes
It’s hard to fathom the level of corruption taking place at Wells and in the banking system in general. Josh had ‘the’ post on it yesterday. The meat: Is this the Super Bowl of identity theft? How do we even process this? If 5300 employees are involved – and needed to be terminated – along …
Stocktoberfest Oct 13-15 in San Diego … Some Speakers
Stocktoberfest is creeping up and the lineup of talent joining is deep. Come join us. Im excited to have Morgan Housel, a great writer and thinker on all things investments, sit with me for a fireside chat. He just joined the Collaborative fund and can explain the big change. If you don’t know Morgan here …
The ‘Gig’ Economy Gets 5,300 New Employees …The Global ‘Even Steven’ Economy
Whirlwind week in New York and I am just finally catching my breath and organizing my thoughts. If you read news you can only shake your head at the sickening corruption and negligence in our systems. Today, Wells Fargo fired a full Twitter (actually a Twitter and a half) and the stock rose. The ‘corruption …
Facebook is worth MORE than Exxon…Maybe Oil Was The Fad?
Exxon was started in 1870 Facebook was started in 2004. Facebook was almost always thought of as a fad. Today, I don’t think I need Facebook, but most of the businesses I invest in rely on Facebook to find and buy users. I can’t imagine a world in which it won’t matter. Today, I need …
The Birth of ‘Cheddar’ ….More Death to CNBC
First off…I will be LIVE talking stocks, trends, markets and Stocktwits tomorrow at 9-30 am EST on Cheddar. It runs live on Facebook for the hour just go to Facebook.com/cheddar My friend Jon Steinberg started Cheddar this year and he is a force of nature. He pitched me on the idea and I was excited …