Salient to Investors: Barry Ritholtz writes: The market’s various new highs are bullish. Corrections are normal so should not be feared: since March 2009, we have had 9 corrections from 6-22 percent. Corrections are impossible to forecast because people are terrible at making predictions and we don’t know what the
READ MORE... →Salient to Investors: Barry Ritholtz cites his trading mistakes early in his career: Optimism Bias. After the costs incurred, expenses, taxes paid, time and labor invested, most of the time, it is not worth the effort to beat the market. Most traders won’t go on to become Paul Tudor Jones
READ MORE... →Salient to Investors: Barry Ritholtz says that since 1897: Double-digit gains occurred in 75% of the positive years and single-digit gains occurred 25% of the positive years. 20 percent or greater gains occurred in 29 percent of the years. Read the full article at http://www.bloomberg.com/news/2013-12-05/bull-or-bubble-ritholtz-chart-.html Click here to receive free and
READ MORE... →Salient to Investors: Barry Ritholtz at The Big Picture says: Obama has nowhere to go but up in selecting the new Treasury Secretary as Larry Summers and Tim Geithner were asleep at the switch when the crisis occurred and were there to help the banks and not service the taxpayers.
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