Wall Street’s Incessant Rose-Colored Glasses

Submitted by Joseph Calhoun via Alhambra Investment Partners,

All that we see or seem is but a dream within a dream.
Edgar Allan Poe
All things are subject to interpretation. Whichever interpretation prevails at a given time is a function of power not truth.
Friedrich Nietzsche
I was walking down the street wearing glasses when the prescription ran out.
Steven Wright
I think one of the hardest […]

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Stocks fall Friday, tipping market into the red for the week | Wright …

Continuing their recent stop-and-go pattern of trading, U.S. stock prices fell sharply Friday, taking the major market indexes into negative territory for the week and, for many of them, for the year to date as well. The Dow declined 140 points or 0.8% Friday, matching the S&P 500′s 0.8% drop. NASDAQ, on renewed selling in internet stocks, lost 1.8% for […]

Year-end stock trading winding down to a crawl | Wright Investors …

U.S. stocks spun their wheels for the most part Friday, with the Dow, S&P 500 and NASDAQ registering small losses in a day of quiet trading and limited volatility. The Dow lost one point (or just 1 basis point) for the day, bringing its gain for the week to 1.6%, roughly half the prior week’s gain. The S&P 500 lost […]