We Got a Rally, but That s Little Comfort Now, here s what I see for volatility, sentiment and complacency. Stocks quotes in this article: GME
We got the rally, but you probably don t need me to tell you it wasn t the best rally we ve seen.
I have been harping about the volume figures being so distorted by all the speculative action in GameStop (GME) and the rest of the high short interest names, so I will keep harping for now.
During Wednesday s decline, up volume was decidedly more than down volume at 55%, which is so odd for a day the major indexes lose 2% or more. Thursday s rally saw up volume on the New York Stock Exchange at 51%.
Every Warren Buffett needs a Charlie Munger
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Representative Photo: A display showing the German Stock Market Index DAX is pictured at the stock exchange in Frankfurt, Germany.
(AFP)
Jason Zweig
, The Wall Street Journal
Online trading buddies can lift you up when you’re feeling down. But real-world friends tell you when you’re wrong.
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As anyone who’s ever raised or been a teenager knows, happy outcomes are rare when groups of people egg each other on in a risky activity.
Just look at financial markets now. An activity that people have historically pursued in isolation buying and selling stocks and other assets has become the hottest way to socialize.
Your Year-End Retirement Checklist: Prepare for a Great 2021 and Beyond
As the year winds down, take this time to think about your future.
Feeling frazzled by holiday fanfare? Do you also have nagging worries about your retirement plans?
One of the best ways to control stress of any kind is to make a list and check it twice. And we have done that for you.
Here is a handy yearly retirement checklist 24 things you should do before each year’s end to set yourself up for a secure and happy future.
1. Take a Minute to Identify the Financial Good and Bad of 2020