What I’m Reading

Listening to the noise and disinformation on Wall Street can be hazardous to your wealth. . .

I always find the headlines on Yahoo Finance amusing. Today for example: “Wall Street Sinks on Retail Data”. I’m glad they have it all figured out. I would love to see a headline one day “Market down due to more people selling than buying”. [In an interesting aside, I went to R.J. Reynolds High School (and no, our mascot was not the camels).]

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If my fund returned 500%+ in 2007 (profits of $15 billion), I don’t think my next move would be to do this.

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One more tool in the hedge fund trick bag.

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Not one out of seventy-one S&P 500 Tech stocks is trading above its 50-day moving average.

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Why people believe weird things about money.

This isn’t surprising either.

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And if you’re a single guy living in NYC looking for a sugar momma (or cougar as they are affectionately known), here is your chance.