Thoughts about the markets, automated trading algorithms, artificial intelligence, and lots of other stuff

  • WSJ’s “End of Wall Street” Videos

    Explains how easy money led to the collapse of Wall Street's biggest firms.

    Chapter One: What Happened? In the first of this three-part series, Journal reporters explain how the housing bubble inflated and burst, and why easy money led to the collapse of Wall Street’s biggest financial institutions.

    Direct link for Chapter One.

    Chapter Two: Why Did it Happen? What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created hard-to-understand derivatives Warren Buffett once called ‘weapons of financial mass destruction’.

    Direct link for Chapter Two.

    Chapter Three: What Happens Next? This final chapter of the crisis on Wall Street tells the story of the $700-billion bailout, as seen through a reporter’s eyes, and looks at what’s ahead for the global economy.

    Direct link for Chapter Three.

  • Uncle Jay’s Musical Re-cap of 2008.

    Funny!

    Here is the direct link to video on Uncle Jay's site..

  • Shift Happens

    Here is the newest version of a great presentation.  Click to watch.  It includes new and updated statistics, thought-provoking questions and a fresh
    design. 

    090109 Did You Know
    Here is the direct link to the YouTube video.
    Here is a link to the presentation file.
    Here is a link to the Shift Happens Project.

    We are moving forward quickly.  What you thought you knew about the economy, technology, innovation, and the world are probably out-of-date. I can't wait to see what comes next.

  • Shift Happens

    Here is the newest version of a great presentation.  Click to watch.  It includes new and updated statistics, thought-provoking questions and a fresh
    design. 

    090109 Did You Know
    Here is the direct link to the YouTube video.
    Here is a link to the presentation file.
    Here is a link to the Shift Happens Project.

    We are moving forward quickly.  What you thought you knew about the economy, technology, innovation, and the world are probably out-of-date. I can't wait to see what comes next.

  • The Onion Reports That Apple Introduces Revolutionary New Laptop With No Keyboard

    Just what I needed. Watch the video.

    Very clever reporting from The Onion.

  • The Onion Reports That Apple Introduces Revolutionary New Laptop With No Keyboard

    Just what I needed. Watch the video.

    Very clever reporting from The Onion.

  • Weekly Commentary through January 2nd, 2009

    Year-to-Date, the Dow is UP for the year. It has been a long time since you've heard that phrase.  There was no point in 2008 when the Dow was up for the year (at the close of a trading day).  According to Bespoke, since 1900, 2008 was only the fourth year where the Dow (1910, 1962, and 1977) never had a single day where it closed up for the year.  So, as of now, we officially suck less than last year.

    Last week the major market
    averages moved above their 50-day averages for the first time since late August.The Dow is over 9,000.

    The January Barometer:     

    Does a market rally in January imply anything for the rest of the trading year?  "As goes January, so goes the year." This particular phenomenon is what is referred to as the January Barometer.  

    090102 January BarometerIs it true?  I don't know; but it is fun to examine.

    Many reputable services report the January Barometer's recent-history success rate at around 75%; so it is worth watching.

    I was going through some research and found this chart from Chart of the Day.  It illustrates that the S&P 500 has performed much better (on average) during the months following a January gain.  The chart is a few years old, but recent years have followed this trend.

    John Murphy has a slightly different perspective; he says that what the market does during the first week of the new year often gives a clue about direction for the remainder of the year.

    Murphy cites the Stock Trader's Almanac, "S&P gains during January's first five trading days preceded full-year gains 86% of the time". The predictive ability of the month of January is nearly as impressive. "The January Barometer predicts the year's course with a .741 batting average. 12 of the last 14 post-election years followed January's direction" (Almanac).

    The market dropped during the first week and month of 2008 and correctly warned of a bad year ahead. We had a good start to that first week of January here in 2009.  Let's hope it keeps up.

    Here are a few of the posts I found interesting this week:

    And, a little bit extra:

    • Twitter users grew 6X last year, and 10X more is expected in 2009. (Financial Times)
    • The day Microsoft Zune stayed still; caused by a leap-year glitch. (NYTimes)
    • Apple OS market share tops 10% as MS drops (TUAW)

  • Weekly Commentary through January 2nd, 2009

    Year-to-Date, the Dow is UP for the year. It has been a long time since you've heard that phrase.  There was no point in 2008 when the Dow was up for the year (at the close of a trading day).  According to Bespoke, since 1900, 2008 was only the fourth year where the Dow (1910, 1962, and 1977) never had a single day where it closed up for the year.  So, as of now, we officially suck less than last year.

    Last week the major market
    averages moved above their 50-day averages for the first time since late August.The Dow is over 9,000.

    The January Barometer:     

    Does a market rally in January imply anything for the rest of the trading year?  "As goes January, so goes the year." This particular phenomenon is what is referred to as the January Barometer.  

    090102 January BarometerIs it true?  I don't know; but it is fun to examine.

    Many reputable services report the January Barometer's recent-history success rate at around 75%; so it is worth watching.

    I was going through some research and found this chart from Chart of the Day.  It illustrates that the S&P 500 has performed much better (on average) during the months following a January gain.  The chart is a few years old, but recent years have followed this trend.

    John Murphy has a slightly different perspective; he says that what the market does during the first week of the new year often gives a clue about direction for the remainder of the year.

    Murphy cites the Stock Trader's Almanac, "S&P gains during January's first five trading days preceded full-year gains 86% of the time". The predictive ability of the month of January is nearly as impressive. "The January Barometer predicts the year's course with a .741 batting average. 12 of the last 14 post-election years followed January's direction" (Almanac).

    The market dropped during the first week and month of 2008 and correctly warned of a bad year ahead. We had a good start to that first week of January here in 2009.  Let's hope it keeps up.

    Here are a few of the posts I found interesting this week:

    And, a little bit extra:

    • Twitter users grew 6X last year, and 10X more is expected in 2009. (Financial Times)
    • The day Microsoft Zune stayed still; caused by a leap-year glitch. (NYTimes)
    • Apple OS market share tops 10% as MS drops (TUAW)

  • The Year in Pictures

    Browse through some of the best pictures from 2008.  A picture is worth a thousand words; some that come to mind are beautiful, shocking, and surprising …

    Electric Storm 600p

    It took me way too long to put this list together.  Why?  Because I started browsing and enjoying myself.  Hope you do too.

    Here are some Best Photos-of-the-Year sites worth looking at as we close out 2008.

    Here are some that are just for fun.Weird 150p

    • A collection of "weird" people (Chive)
    • A collection of "funny kid" pics (Chive)
    • A collection of "perfectly timed" photos (Chive)

    Here are some others that are from "artier" sources.

    In 2008, many traders felt "over their heads" …

    Trader Over His Head

    It was scary for much of the year …

    Markets Fall

    Still, here is what I'll leave you with … Winter always comes before Spring.

    Tree of Dreams

    Best wishes for a Happy New Year.

  • The Year in Pictures

    Browse through some of the best pictures from 2008.  A picture is worth a thousand words; some that come to mind are beautiful, shocking, and surprising …

    Electric Storm 600p

    It took me way too long to put this list together.  Why?  Because I started browsing and enjoying myself.  Hope you do too.

    Here are some Best Photos-of-the-Year sites worth looking at as we close out 2008.

    Here are some that are just for fun.Weird 150p

    • A collection of "weird" people (Chive)
    • A collection of "funny kid" pics (Chive)
    • A collection of "perfectly timed" photos (Chive)

    Here are some others that are from "artier" sources.

    In 2008, many traders felt "over their heads" …

    Trader Over His Head

    It was scary for much of the year …

    Markets Fall

    Still, here is what I'll leave you with … Winter always comes before Spring.

    Tree of Dreams

    Best wishes for a Happy New Year.