“One day it started raining, and it didn’t quit for four months” Forrest Gump What’s especially frustrating right now, besides the fact that the S&P 500 is now in a 13.2% drawdown, is that we’re not seeing any sense of panic. While every bounce attempt is getting smaller in both size and duration, the market…

The S&P 500 closed at a 52-week low on January 20th for the first time since 2011. Last week I took a look at how stocks did in the year they made a 52-week low. Maybe not surprisingly, they performed significantly worse in the years when a 52-week closing low occurred, returning -10% on average, versus…

What a day… There was crazy strength out of the cyclical names today. XLB rose 3.3%, XLE rose 3.5% and XLI rose 1.6%. Meanwhile, XLK fell 0.1% and XLY fell 0.2%. These five things has never occurred simultaneously. The data for this goes back to 1998. The S&P 500 rose 0.49%, the Dow rose 1.1%…

The S&P 500 just closed at a 52-week low (January 20) for the first time since October 2011. The 1079 days between 52-week closing lows is the fourth longest streak of all time. I went back and looked at what happened in years that experienced a closing low versus those that didn’t and the results…

The Intelligent Investor is the first book I ever read on investing and I pay homage to it as the namesake of my blog. Although what I do could not be more dissimilar than the value investing practiced by Benjamin Graham, it’s hard to overstate the impact reading this book had on me. Shortly after…

Even if I go into a store with the intention of buying something, I get uncomfortable when somebody asks me if I need help. I’m not sure what causes this reaction but I think I’m like most people in the sense that I dislike being sold. I wanted to share an interesting story about selling…