The Message of the Market(ing)

The big operations can always afford to do market research and initiate slick campaigns.  For those of us who do not have a big research budget, we can observe what they have discovered.  As usual, these are probably contrarian indicators.  Simply put, they are playing to the worst instincts of the weakest investors and traders. […]

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The Cycle of Negativity

Markets often get the little things right while missing the big picture, something we call local efficiency.  The last thirty months has been a period where those with the greatest influence over the marginal invested dollar have paid little attention to improving fundamentals.  In 2004 I wrote a paper describing it as the opposite of […]

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Powerful Negative Symbols and a New Concept: The Glide Path

A deep understanding of one subject can help you with another.  In the study of public policy analysis, it was important to understand what influenced individual behavior.  We asked questions about what information voters had, what they thought was important, and how they formed opinions. Little did I know that thirty years later I would […]

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Powerful Negative Symbols and a New Concept: The Glide Path

A deep understanding of one subject can help you with another.  In the study of public policy analysis, it was important to understand what influenced individual behavior.  We asked questions about what information voters had, what they thought was important, and how they formed opinions. Little did I know that thirty years later I would […]

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