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Archive for April, 2008

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.

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 [...]

Testosterone May Drive Traders to Risks, Riches

April 14 (Bloomberg) — Traders who start the morning with high levels of the hormone testosterone, produced in the testes, will probably make more money that day, a study found. More If this is true, I'm in trouble  

Tools versus Carpentry

Yesterday, I bought a router.  I'm not sure what a router is, 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 [...]