The Fed Decision and the Market Reaction

The morning papers will tell you that the Fed made a decision and the market rallied by 4%.  Causation will be implied, even when not explicitly stated. For most of the punditry the interpretation of these stories is seen through the prism of their opinions.  Forget the data! The initial reaction to the Fed decision […]

Read More

How the Individual Investor Can Trade Like a Pro

It has been well documented that individual investors trail the market averages when it comes to investment performance.  The "buy and hold" concept has little respect these days, but most individual investors do even worse. There are many reasons for this, but bad market timing heads the list.  As many regular readers know, I have […]

Read More