C.M.O. 10.10.2011

The number of new 52 week lows on the NYSE last week was 1,296.  The number of new highs was 33.  I watch those numbers each week and since the lows were larger than the highs we’ll call last week’s…

C.M.O. 9.26.2011

What a week!  In the five trading sessions between Monday and Friday the Dow gave up more than 700 points closing at 10,771 which was 6.4% lower than the previous Friday’s close and the index’s worst weekly showing since October…

C.M.O. 9.12.2011

“If you had bought Swiss francs when I suggested, you would not have lost three-quarters of your fortune.”  Those words, spoken by the banker of Anna Eisenmenger, a middle-class Viennese diarist in post-WWI Vienna are as apropos today as they…

C.M.O. 9.6.2011

When the Tech bubble was still inflating you heard the term “Paradigm Shift” used to describe the new way in which everything would be done.  The term was meant to describe big things moving in big ways.  There are big…