ERRATUM — The Fed Minutes — Another ‘Irrational Exuberance’ Moment

in paragraph three of the post the number quoted as the December 1988 opening price for the S&P 500 was erroneously quoted as 743.25.  It should read 276.50. The original version of the post has been updated to provide clarity and reflect this change.

Ray Dalio

Totally Blown Away, But Not Totally Confused

Over the four-plus-year history of kortsessions.com, I’ve often pointed out how totally disrespected and unloved the current eight-year-old bull market (four-year-old secular bull market) has been — ” … there’s no joy in Mudville ..” 7-31-16, “Born under a Bad Sign” 2-28-14. The lack of attention paid to its progress over the last two weeks as […]

Ladies and Gentlemen we have a Black Swan

Or, at least as of 11:30 PM CST November 8, 2016, the unimaginable (at least to me) may be about to occur — a Donald Trump Presidency. Dow futures are down 777 points (4.16%). Both S&P and Nasdaq futures have hit their down-5% collars and stopped trading (subsequently they have resumed trading). If the current […]

Correction and Amplification-“Rising Rates–A Knockout Blow?”

CORRECTION–The time frame in the initial publication of “Rising Rates–A knockout Blow?” was incorrectly stated at 8 years (An extreme case–1974-1982). The actual time frame coinciding with the stated investment performance of stocks and the 10-year Treasury should have been read as 7 years (@1975-1982). AMPLIFICATION–It has been suggested to me by a friend and […]

“Pity The Fool” CORRECTION

Contrary to my latest post “Pity the Fool”,  Mr. T (Lawrence Tureaud) is alive, well and living in Chicago, Illinois. Mea Culpa!

The "Mighty Casey"

” … There’s no joy in Mudville … “

Our Mudville, of course, is Wall Street. What is unbelievable is that unlike the ‘Mighty Casey’, Wall Street’s market is not striking out. And, it hasn’t really struck out since the dark days of 2008/2009, despite the fact that there has been a choir of experts, pundits, talking heads and politicians telling us daily why […]

Preparing for the next disaster

Preparing for the next disaster

Once again we find the market in ‘batten-down-the hatches” mode, reflecting the uncertainties of a looming Fed meeting this Wednesday, the ‘Brexit’ vote in the UK next Thursday and the end-quarter-focus on earnings.  Stir in the always-brilliant presidential election political discourse, a triple-witching hour this week and the horrific news from Orlando and you have […]

%d bloggers like this: