All,
The markets appear to have decided which direction they intend to go in the very near term (NASDAQ has just made an all-time high), but while the technology sector appears quite strong, the Dow Jones Industrial Average is barely positive for 2018. Will this be a trend that continues? Who knows. My opinion still remains that until the S&P 500 goes above 2800 or below 2553, no conclusions should be drawn. Until then, I’m reminded of Jesse Livermore, a famous (infamous?) stock speculator in the early 20th century. His biography, “Reminiscences of Stock Operator”, remains one of the most pertinent and useful tools as it relates to the human emotions of fear and greed. One of my favorite quotes continues to play back in my mind; “It was never my thinking that made the big money for me, it always was sitting”.
Happy learning everyone,
Adam
Hitting the Links
The Free Choice Paradigm – A fantastic study about how our perception changes once we’ve made the choice to buy something.
50 Ways the World is Getting Better – Not to let the current narratives about the state of our world get in the way of a good fear-based story…
5 Levels of Being an Investor – They say that the best way to learn a subject is to teach it to someone else. This article goes a bit further.
A Picture is Worth a Thousand Words
How Often Do Major Declines Occur
Presidential Stock Market Cycles – Mid Term Election Years
Potent Quotables
“Never confuse brilliance with a bull market” – Humphrey B. Neill
“Freedom and Equality are sworn and everlasting enemies” – Will Durant