I know how to track this rock song which dates itself, but say at least 60 years. I remember guitars and banjos strumming away as the lyrics belted out pure optimism. It 's like the sun rising in the sky like a red rubber, bouncing ball. Sundays, visiting Washington Square Park, you'd hear a dozen groups reaching for a place in the sun with our rapt attention loyal for at least 10 minutes. The title of this piece, is a celebration of singing about your belief in yourself an

When I picked out “1929”,  Andrew Ross Sorkin’s long tome, I hoped to understand how a coterie of bankers,  brokers methodically raped our country’s financial system. These were mainly waspy, middle-aged operators and heads of toney brokerage houses. Before investing in bank stocks, catch some flavor of what happened to our financial system in 1929 and who bears the blame. Was it the man in the street overreaching with his trades or was something more systemic percolating?  L

The concept of averaging down in the market or on a specific stock you carry was probably coined by economists who can lose you serious capital. Try averaging up in your winning picks. If Goldman Sachs or Apple are bouncy pieces of paper, chances are there’s a good reason for such buoyancy.  My rule in the market is never go out to lunch. At least be at your desk when your overweighted holdings drop a bunch of points or bounce as much. Look out United Airlines just posted a 9

Daily, at the close, I check the action in Tesla. It can trade over 100 million shares up or down. TSLA has a chance of taking its shareholders to the moon, but without me.  I've had a hard enough time figuring out whether I should buy bunches of Treasuries, 10 to 30 years out. Anyone who’s bullish has to show me why President Trump can be a bullish force. Where is his punch bowl? I read Trump as a destroyer of equity value and a negative force in the flow of business. He’s u

One recent day, in its opening hour, Tesla traded down 20 points on 50 million shares. Players long Tesla know their road is rocky,...

Early postwar years, the market dealt out death once it sold above 15 times earnings, particularly in the mid-sixties. Ten times earnings...

After the FRB pronouncement on interest rates, I dug right down to the bottom of my shoes and felt nothing. Don’t you miss Alan Greenspan...

Ballie is played in a circle, leader in the middle bouncing a Spaulding. Players must flop to the floor when the bouncer stops his...

High time our FRB head signaled action. I’m not talking just quarter pointers,  a spit in the ocean. Unlike Alan Greenspan who had a...

My picture gallery of Fed Chairmen dates back to early sixties when they carried big sticks. Does anybody but me remember McChesney...

I can’t come up with Chairman Powell’s first name. Maybe the country gets what it deserves: An unaggressive FRB with a President who...

Investors need to remain aware of the gigantism of Berkshire Hathaway. Apple is a 22 % position but only 1.9% of its capitalization....

Apart from its billion dollar probe in United Health, Berkshire Hathaway made sizable cuts in holdings of financials. After all, the...

Sooner or later, load up on 30-year Treasuries, an unintended gift from Uncle Sam. You’re not Uncle Sucker when a 5% coupon exceeds our...

Now’s the time to run paper portfolios on a handful of ragamuffins that you think are potential turnarounds. I won’t bet on just one or...

On some of the biggest capitalization stocks, cost of a wrong earnings call is a snappy 10%. You would think the Street gets estimates...

Decades ago, after Ron Perelman won control of Revlon, he took a walk through one of its Boeing 727’s used for hunting by its then...

Penalty for being wrong-footed on an entry point for a stock runs at least 20%. Occidental Petroleum, under accumulation by Warren...

Mark our market as a rocky road filled with sharp curves and potholes. My way of dealing with pricey, chaotic settings is to lighten up,...

I grew up in the Great Depression, our family renting in the East Bronx. Pop owned a tailor shop in Harlem and we barely got by. But, I...