OK, so what is a mania? According to the dictionary, it is: mental illness marked by periods of great excitement or euphoria, delusions, and overactivity. Does this describe what is happening in many markets today? It does to me, especially in stocks and bonds. And
Tag: jesse livermore
Hands up all those who are sick and tired of Brexit? I thought so. If you noticed, I rarely mention it in my market coverage – unlike the vast majority of financial pundits who believe it is the main driver of many financial markets at
The traditional UK banks’ charts (Lloyds, Barclays, HSBC) have been diverging for a while. Lloyds and Barclays have been in major downtrends while HSBC remains in a solid uptrend. Members of my Pro Shares Club are short the first two and I am now looking
When I first heard of the Flash Crash early Friday morning. my first thought was that the robo traders were at it again. I checked the price/time chart and quickly discovered that the plunge got started right as the Asian markets opened at 12 midnight