Above are monthly returns for the S&P 500 by month dating back to 1993. Is there anything unique about August – Sept inasmuch business collapses and/or great natural disasters wipes out large swaths of over-eager consumers?No.We just got it into our minds, as a collective, that this is the time of year to stoke some...Read More

I spoke too soon yesterday, referring to the dullness of the tape and how it wasn’t conducive with lower prices. At the open of trade things looked rickety, with volatile moves all over the place, and it was a foreboding of things to come.Losses came in at -87bps for the session, off the lows, albeit...Read More

It does not get more dull than this. I am succored by the fact that very soon markets will once again enliven, for good or for worse, and we’ll really be into it soon. However, for now — we’re beset upon by a molasses crawling off the summer picnic table sort of tape — featured...Read More

This is the sort of tape you can sleep through, if so inclined. It makes you think something is brewing for us around the bend — hopefully not of the harrowing nature. There hasn’t been much reaction to any bad news and the good news is treated similarly. We have just been walking higher with...Read More

Last night I stood late in the office attempting to fix an issue I am having with my mouse. As soon as I moved into this cavernous office, my mouse of 10 years stopped working. I walked down to the local TGT and fetched myself a new one by LOGI, costing me $59 plus tax....Read More