To not cut back on the Federal Reserves quantitative easing. This chatter permeated almost every single moment of todays session. So in the interest of trying to help you make money, did you hear that, make money, as opposed to trying to force feed you some political nonsense about what bernanke should have done if he had half a brain and, yes, the commentary at that time, at many points today was that ugly. Boo let me give you a check list of what matters to the stock market and what doesnt because thats what were about. First of all what matters is the future, not the past. One of the chief criticisms i heard today was that given how strong the data has been today, hiring, very good housing statistics, what the heck is bernanke doing by not trying to get the Federal Reserve out of this ridiculous bond buying program. This is an unacceptable and foolish, lacking in rigor, line of thought. I want you to ponder for a moment, just ponder the notion that ben bernanke, instead of running t
Reserves. This chatter permeated almost every single moment of todays session. So in the interest of trying to help you make money, did you hear that, make money, as opposed to trying to force feed you some political nonsense about what bernanke should have done if he had half a brain and, yes, the commentary at that time, at many points today was that ugly. Boo let me give you a check list of what matters to the stock market and what doesnt because thats what were about. First of all what matters is the future, not the past. One of the chief criticisms i heard today is that given how strong the data has been today, hiring, very good housing statisti statistics, what the heck is bernanke doing by not getting Federal Reserve out of this ridiculous bond buying program. This is an unacceptable and foolish, lacking in rigor, line of thought. I want you to ponder for a moment, just ponder the notion that ben bernanke instead of running the fed runs a huge retailer. I want you to thing like
Nasdaq up most of the day but slid. 14 . Yep, blame it on the movies. Let me explain. Back at my old hedge fund, we had a year, 1993, 20 short years ago, where we just shot the lights out of the market. We were on a major roll. We were up more than twice the s p. My stock picking, it couldnt have been hotter. Everything i touched went higher. It got to the point where i actually believed that if i bought it, it would go up. Buy, buy, buy. Its kind of like how i am with the phillip eagles. I wore a signed brett celek jersey the other day, a eagles tight end and the straw hat to the home game we finally won after a streak of losses. Same thing last weekend. Im convinced its why they beat the lions in the snow bowl. Its weird if they lose. Thats how i was with stocks in 1993. I wore a green gap shirt to work every day. I convinced myself as long as i was wearing the shirt, as we called it, i had the mojo to pick winning stocks. Karen cramer was running the trading desk back then and we sa
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