Where does the money go? This chart breaks it down.
via Daily Infographic.
Interesting to look at "average" spending patterns.
Where does the money go? This chart breaks it down.
via Daily Infographic.
Interesting to look at "average" spending patterns.
In my opinion, facts are not beliefs or opinions.
Here are some of the posts that caught my eye. Hope you find something interesting.
History is littered with tales of once-rare resources made plentiful by innovation. The reason is pretty straightforward … scarcity is often contextual.
Imagine a giant orange tree packed with fruit. If you pluck all the oranges from the lower branches, you are effectively out of accessible fruit.
From that limited perspective, oranges are now scarce. But once someone invents a piece of technology called a ladder, the problem is solved.
Shoulder Surgery Isn't What It Used to Be.
I had shoulder surgery on Wednesday to remove some calcium deposits and bone spurs, and to clean out or fix some soft tissue damage.
Needless to say, I wasn't looking forward to it. And not just to the needles and knives, I was dreading the rehab.
Turns out, shoulder surgery isn't what it used to be.
Here is a picture from inside my shoulder (unlike years ago, they didn't have to rip me open to to gain access for the picture or the repair).
Less damage, less time, less drugs, less recovery.
Bottom-Line: I went in early, and was out before lunch. Moreover, I was able to work and go to a reception the day after the surgery … and go to the gym this weekend.
Whether it is minimally invasive surgical instruments, or linking big data and elastic computing … Technology is a resource-liberating mechanism.
Whether it is minimally invasive surgical instruments, or linking big data and elastic computing … Technology is a resource-liberating mechanism. It can make the 'once scarce' the 'now abundant' (or 'readily accessible') … and a lot less painful.
Pretty Cool!
Do you believe that our Democracy was bought and sold a long time ago?
Here are some of the posts that caught my eye. Hope you find something interesting.
Here is a recent chart showing the returns, for the past 20 years, of this Halloween through April bullish seasonality idea.
Superficially, it seems to work.
While the statistical average results for these two periods are quite compelling, trying to ride the market in real-time in hopes of capturing these results is not always as easy as it sounds.
Assume that bull and bear market pressures tend to override seasonal tendencies.
Here are some of the posts that caught my eye. Hope you find something interesting.
Trading pros may not think things are different. However, the public is reacting to suggestions that Wall Streets may be rigged against them.
In this cartoon, Darkow draws the Carnival Midway Game of Wall Street, "Spill the Milk" … which disguises the super-fast high-frequency stock trading center for insiders only.
The Carny beckons to the 'Little Guy': "Step right up, friend… It's a game of skill. Trust Me!".
This kind of public sentiment often triggers regulatory scrutiny … which, in turn, triggers new games of 'skill'.
Here are some of the posts that caught my eye. Hope you find something interesting.
Here is a Dilbert-style parody of how a corporate team uses an expert.
What happens when people don't have a clue about problem solving (or 'definition'), realistic goal setting, or practical reality?
You end up with ridiculous tasks that are literally impossible. And that's exactly what "The Expert" nails perfectly.
Funny (and sometimes too true).
Just got back from a quick trip to New York City. While there, I got interviewed at the Market Technicians Association annual meeting.
For what it is worth, the prevailing sentiment there was quite bullish (though most were expecting a pull-back, or correction, soon).
On a side note, I took advantage of the proximity to the Carnegie Deli.
I only ate half, but didn't want to waste any … so I had it wrapped, and took it home.
Long story short, even if it doesn't smell bad, you shouldn't eat corned beef that was left unrefrigerated for more than a day.
I lost seven pounds yesterday!
I'd be an idiot savant if I were good at something enough to be a savant.
Here are some of the posts that caught my eye. Hope you find something interesting.
Did you see the 60 Minutes report on Michael Lewis' new book, "Flash Boys," that reveals some of the ways that high speed traders work the stock market to their advantage.
Here is an excerpt from the intro.
Steve Kroft: What’s the headline here?
Michael Lewis: The Stock Market is rigged. The United States stock market, the most iconic market in global capitalism is rigged.
Steve Kroft: By whom?
Michael Lewis: By a combination of these stock exchanges, the big Wall Street banks and high-frequency traders.
Steve Kroft: Who are the victims?
Michael Lewis: Everybody who has an investment in the stock market.
The 60 Minutes piece has a interesting explanation of what is happening.
For an even better one, click to watch this Michael Lewis interview on Bloomberg, where he defends his claim that the market is rigged.
via Bloomberg Television's “Market Makers.”
Let me know if you want to talk about high frequency trading or what is likely to happen as a result of press coverage like this and the ensuing regulatory scrutiny.
We live in interesting times.