Books

You should read these two. Mountains Beyond Mountains by Tracey Kidder This is the story of Paul Farmer.  If he doesn’t receive a Nobel for his medical work it will be a travesty.  A Harvard trained doctor who practices medicine just enough to make enough …

The Markets After rising in early morning trade the banks are now giving some back.  They are still up modestly but the effects of the stress tests are not going to be so simple to diagnose. Market futures are strong, up 1 1/2%,  but await …

Payday

I am taking a little off the table.  I have a few runners and have placed stops a couple of points underneath last sale.  I want to lock-in here as the market become over bought.

The Markets As flu fear subsides the futures rally.  A higher opening is indicated.  As noted here many times over the last few weeks, this market shows tendencies to accept higher levels of risk.  That is seen in higher and stronger closes, sideways action in …

Late Night

It is long time until the NYSE opening but I’ll take a +1 1/2% Tokyo opening.  It is always interesting to see it it holds overnight. Had a great sail today.  Out from Wrightsville Beach for about twelve miles.  Winds out of the south, a …

Hump Day

The Markets With almost 170 companies reporting today it is almost impossible to accurately judge the direction of stocks.  Early look at futures indicate a down opening. Most, if not all, reporting companies are showing lower sales.  Some are reporting better than expected earnings but …

Sidebar Is this where we are headed?  http://bit.ly/yEu0B Wonder how the Street works?  This is a longish article but I loved it, perhaps because I know, or know of, many of the players.  Unfortunately, this IS how Wall St works.  It is easier to read …