In the span of just two days, the S&P 500 has gained a staggering 4% – the largest 2-day gain since 2011. Regarding the fundamentals of the US economy, between 2009 and now nothing has changed except higher stock prices and fatter earnings: interest rates still never going up again and consumer spending can’t be… Continue reading Stocks Rocket Higher; Biological Determinism Bull Market Can’t Be Stopped

One of the big stories making the rounds is that ‘trading prodigy’ Mohammad Islam is merely a paper trader and not a multi-millionaire. I concede to falling for the story because the alleged returns as purported by Mohammad, while highly improbable, are not – based on my knowledge of the market and trading – impossible.… Continue reading What the Mohammad Islam Hoax Says About Trading and Liberalism

This plea to the fed to end QE is so stupid it necessitates a response: Peter Boockvar: Dear Federal Reserve He writes: The path ahead will be disruptive but that can no longer be avoided as 6 years of ZIRP and a 5 fold increase in your balance sheet has already way overstayed its welcome.… Continue reading Peter Boockvar Writes the Stupidest Article Ever?

Believe it or not, one need not be a liberal to be a supporter the unpopular but necessary bailouts. Republicans voted 133–65 in favor of the bailouts, although no one wants anything to to with it anymore due to the overwhelming unpopularity of the program despite its great success. The problem has always been liberalism… Continue reading In Defense of the 2008 Bank Bailouts, Again

We’re still in the eye of the slowest news cycle in history. From Rolling Stone to Cosby, there are plenty of stories about rape, but those are more like tabloid stories than news. Most people – including many on Reddit and 4chan – know the accusers are lying, which is why these alleged ‘victims’ (or… Continue reading There’s Plenty of Room at the Bottom

With the exception of homosexuality, many on the left adopt a ‘blank slate’ approach to human biology in that upon conception, all individuals have the same potential and that socioeconomic outcomes and cognitive ability are influenced heavily by environmental factors. Therefore, it’s the job of a paternalistic society to ‘program’ these ‘blank slates’ in much… Continue reading Beyond the Blank Slate: How Libs Turn High-IQ Into a Handicap

Like gravitons leaking from the brane into the bulk, the liberal media is ensconced in an insular ideological bubble adrift from the plane of reality. To understand how the majority of Americans really feel about the issues, go to Reddit and 4chan and you’ll see perspectives that the liberal media refuses to entertain, and that’s… Continue reading The Left is Losing the Culture Wars

Megan Ardle writes And as I’ve argued before, deficit-financed government spending is a tax hike. It may not seem like one, but over the long run, that debt has to be paid, one way or another. And the way it will be paid is with tax dollars. Even though I agree with most of what… Continue reading Taxes, Debt, and QE

Like the news, most of what is passes for financial advice/analysis is just noise and should be ignored. This is no exception: Comment: The small correction off the overbought high levels was expected and the question is whether it will develop into a short-term correction. The recent massive redemptions in hedge funds are alarming. Recall… Continue reading Most Financial Analysis is Crap