Your Daily Bit of Wall Street Wit & Wisdom



“Headlines, in a way, are what mislead you, because bad news is a headline, and gradual improvement is not.”
— Bill Gates

Investing is done over a long time horizon (years).  Speculating concerns a short time  (days, weeks, months).  Our specialty is sensible speculation.

You may find that by the time a market move makes headlines, it’s too late.  Look at the character of market price behavior, not what the headline writers make of it.  What they say may turn out to be a contrary indicator.

And that can be useful, as well.

Best regards,


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