You Lost Money Yesterday. I Didn't.
If you bought gold 55 years ago and held it until today, do you know how much money you made? Zero. Zero real returns over more than half a century. That tells you everything about what money printing does to real wealth. We're living through the biggest bubble in financial history. Stocks hit all-time highs.…
Are We There Yet?
The market ripped 105 points today but don't be fooled by the headline number. While the S&P hits new highs, the machines are executing the biggest stock-picking rotation in years. They're buying momentum and selling overpriced garbage at the same time. The Confirmation Bias Rally Meets Reality Two conflicting data points hit this morning and…
Why the Market Isn't Random Anymore
The market's not random. It's rigged. Twenty-five years ago, you could flip a coin and predict market direction with 50-50 odds. Those days are over. Today's markets are engineered by algorithms that buy strength and sell weakness. They're binary. They don't think like you and me. Yesterday proved it again. The market was already up…
Proof the Market is Lying to You
The S&P 500 hit another all-time high yesterday. CNBC is celebrating… Bloomberg is throwing confetti… Meanwhile, I'm watching the most dangerous setup I've seen in over three decades of trading. Money managers threw everything they had at big tech yesterday. They sold healthcare, dumped REITs, abandoned industrials, and poured every available dollar into the magnificent…
Why Your Money Manager Threw Out the Playbook
The market hit new highs today. Your portfolio probably looks great. Your money manager is patting himself on the back. Now fire him. Look, we're not trading the S&P 500 anymore. We're trading the S&P 10. Money managers have thrown out the entire playbook. No research...No fundamentals…No rotations…Nothing. They're just buying mega-cap trillion-dollar companies and…
The Ultimate Statistical Killer
When a 24-year-old gets offered $250 million to write code, you know we're living in a bubble. Meta just offered some kid a quarter billion dollars to help run their AI division. This is your "shoeshine boy giving stock tips" moment for 2025. Every bubble has its iconic warning sign. This is ours. Here's what…
Why The Market Is Deaf and Blind
Goldman Sachs has just declared that we're in a "postmodern era" where fundamentals no longer matter. They're telling you to trade with algorithms and ignore value. That's garbage! I've been trading for 38 years. I've seen this movie before. When Wall Street starts saying "it's different this time" and fundamentals don't matter, something bad is…
The Passive Investing Trap Wall Street Loves (But Nobody Talks About)
Here's the dirty secret about passive investing that nobody wants you to understand: when you buy an S&P 500 index fund thinking you're diversified across 500 companies, you're actually making a leveraged bet on two. Microsoft and Meta now represent such a massive portion of market cap-weighted indices that your "safe" diversification strategy has become…
Time to Check In On the Great Tech Reset
My trading times are changing for the rest of the summer - sort of. I’m going to be in Europe for several weeks, and I must say, I really enjoy having my mornings and early afternoons to do as I please before I get down to business going into the opening bell. But those of…
When Two Stocks Hold the Market Hostage…
When two stocks are holding up the entire market, that's not a sign of strength—it's a sign of strain. And “strain” always gives way to “snap.” Let's be clear about what we're witnessing: this isn't a healthy market. It's not broad-based leadership. It's a fragile structure built on the narrow support of Microsoft and Meta…