Monthly Archive for: ‘April, 2008’

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Chance this is the bottom? Zero.

Loan default rates have barely moved off of expansionary period levels, let alone typical typical defaults in a normal recession.  Excellent article from Seeking Alpha can be read here.

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Psychology

“If a betting game among a certain number of participants is played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency [...]

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Tools versus Carpentry

Yesterday, I bought a router.  I’m not sure what a router does, but I read in a magazine that every home workshop should have one.  So I went to Home Depot and a “Certified Specialist” helped me pick out the best one.  When I got home, I discovered that I really needed a jigsaw. Not [...]

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