Repeat After Me: There is NO Inflation

We interrupt our previously scheduled Black Monday retrospective to bring you this friendly inflation reminder.

Even though Oil is at $86, there is no inflation.

Oil

You may now return to your previously scheduled inflation-free program

Category: Commodities, Energy, Inflation

1987 Crash Revisited

Rob Fraim is a reader of mine who puts out his own
amusing comments each day via email. On the 17th anniversary of
the 1987 stock market crash, he put out his recollections from that
day, and we are republishing them today, the 20th anniversary of Black Monday.

I found them so interesting that I suggested Rob (who is
blogless) post them here. He gladly agreed. Without further adieu, here
is Rob’s version of 1987 Crash Revisited


October 19 – the day that each year gives old-timers in this business a renewed facial tic and post-trauma flashbacks.

What?” you say.  “You mean you were actually there, Grandpa?  You remember the Crash of ’87?

Yes, I was, and yes I do.  Confirming rumors that I am, in fact,
older than dirt I note that I was in this business in 1987 – and had
been for a few years prior (I started in 1983.)

I was having dinner last week with a friend who runs a hedge fund
(another graybeard, although he looks younger than me) and we ended up
talking about 1987.  He had a great story about the whole thing (which
I’ll let him tell you about someday if you ever get to have dinner with
him.) 

So I thought I would take a moment to reflect on my own Crash
Experience – and perhaps some of you will share your October 19, 1987
story (provided you’re not a whippersnapper who would be relating what
was on freakin’ Sesame Street that day!  I really hate you guys.
You’re svelte and unwrinkled and smart and energetic and I’m just
liable to whup you if you’re not careful.)    Maybe we’ll even get a
recounting of the aforementioned dinner tale from last week.  So if you
feel like it, drop me a note with your recollections.  If I get enough
to make it worthwhile, perhaps I’ll compile them for sharing.)

Read More

Category: Investing, Markets, Psychology, Trading

The Bubble Man

Category: Digital Media, Federal Reserve, Inflation, Psychology

Only TV Reporter at the 1987 Crash

Category: Derivatives, Financial Press, Markets, Psychology, Television, Trading

1987 Crash: 20th Anniversary of Black Monday

Category: Markets, Psychology, Trading

Mid-October Linkfest: Week in Preview

Category: Financial Press

Hard Assets, Financial Markets, Risk/Reward Ratio: Where to invest?

Category: Commodities, Currency, Federal Reserve, Markets

Sunday Morning Paper

Category: Weblogs

Mid-October Linkfest: Week in Review

Category: Financial Press

Yeah! We’re #79! (of 83 global bourses)

Category: Investing, Markets, Short Selling