What goes up may come down

What goes up may come down

Today is the first day of futures trading of bitcoin. The bitcoin phenomenon has been going on for years, but the price appreciation in 2017 has caused investors to sit up and take notice. The so-called cryptocurrency has soared over 1,500% this year. Following its...
It can’t be imploded!

It can’t be imploded!

It was a quiet morning breakfast—French toast and the Sunday paper. Then the roar of an explosion wrapped around our home. The air rushed in and then out again. Slowly the reverberations faded away. We were, to put it mildly, perplexed. It was only later that day that...
Reliving glory days (on “Turkey Day”)

Reliving glory days (on “Turkey Day”)

My high school alma mater in New Jersey celebrated the 50th anniversary of the school’s undefeated, state champion football team on Thanksgiving Day, prior to the current team’s traditional Turkey Day game. In the overall scheme of things, this might not be viewed as...
Pardoning a single turkey won’t help

Pardoning a single turkey won’t help

This week we will no doubt see photos in the press of President Trump announcing the annual pardoning of a lucky turkey. Unfortunately for most turkeys, but fortunate for most of the rest of us, this Thursday, the fate of the average turkey is not to be pardoned. I...
Nobel Prize-winning thoughts on investing

Nobel Prize-winning thoughts on investing

The Nobel Prize in economic sciences was awarded in October to Dr. Richard Thaler of the University of Chicago Booth School of Business for his work in behavioral economics. Said the Royal Swedish Academy of Sciences, Thaler’s “contributions have built a bridge...
When will the music stop?

When will the music stop?

When asked his thoughts on the soaring financial markets, Dennis Gartman, the current dean of commodity trading newsletter writers, remarked, “You have to dance while the music is playing.” In other words, when the markets are rallying, you have to participate. For...