great-recession

Today Stocks Were Way Up Because the Stock Market Is Pure Fantasy

After the biggest drop since the Great Recession on Monday, U.S. stocks today posted their biggest gain in four years, because the stock market is driven mainly by bullshit. http://gawker.com/is-the-stock-m…Is The Stock Market Driven Mainly by Bullshit? Is The Stock Market Driven Mainly by Bullshit? Is The Stock Market Driven Mainly by Bullshit?Last week saw the stock market take its […]

Quantifying Risk

So, the Dow was up 7.5% in 2014 — is that good?From a historical viewpoint, that is almost average. What is unusual is that this is the sixth straight year of a bull market, which tells us more about the severity of the Great Recession than it does about the Dow.From a technical viewpoint, analysts wonder if the Dow was […]