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Sunday, October 4, 2026

"Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways." --Bob Farrell (Rule #4)

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TREASURIES' FOUR TALL TAILS TREASURIES' THREE TALL TAILS (October 4, 2026): The media have dramatically increased their fr...
Friday, July 31, 2026

"There are no new eras; excesses are never permanent." --Bob Farrell (Rule #3)

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TIPPING POINT: BUY LTPZ TIPPING POINT: BUY LTPZ (July 31, 2026): As I had described in my recent postings, U.S. government debt ...
Tuesday, July 28, 2026

"Excesses in one direction will lead to an opposite excess in the other direction." --Bob Farrell (Rule #2)

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THE FORGOTTEN BUBBLE THE FORGOTTEN BUBBLE (July 28, 2026): I have discussed numerous assets which reached bubble status during the...
Monday, May 18, 2026

"With every new wave of optimism or pessimism, we are ready to abandon history and time-tested principles, but we cling tenaciously and unquestioningly to our prejudices." --Benjamin Graham

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BUY TLT AND EDV BUY TLT AND EDV (May 18, 2026): TLT is a fund which invests in U.S. Treasuries and which consists of U.S. govern...
Monday, April 20, 2026

"The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall." --Benjamin Graham

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DXY UP, GOLD/SPY DOWN DXY UP, GOLD/SPY DOWN (April 20, 2026): Whenever any asset has made an extended move in one direction, and i...
Sunday, February 8, 2026

"But just months later, swept up in the wild enthusiasm of the market, [Sir Isaac] Newton jumped back in at a much higher price and lost £20,000 (or more than $3 million in today’s money)." --Benjamin Graham

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REVERBERANT REVERSALS REVERBERANT REVERSALS (February 8, 2026): We have become conditioned by society to want to "turn over...