What a week! In the five trading sessions between Monday and Friday the Dow gave up more than 700 points closing at 10,771 which was 6.4% lower than the previous Friday’s close and the index’s worst weekly showing since October of 2008. The S&P closed the week at 1136.43 putting it 16.7% below its April… »
Archive for September, 2011
C.M.O. 9.26.2011
Monday, September 26th, 2011C.M.O. 9.12.2011
Monday, September 12th, 2011“If you had bought Swiss francs when I suggested, you would not have lost three-quarters of your fortune.” Those words, spoken by the banker of Anna Eisenmenger, a middle-class Viennese diarist in post-WWI Vienna are as apropos today as they were when they were originally uttered and although Anna had taken her lumps in the… »
C.M.O. 9.6.2011
Tuesday, September 6th, 2011When the Tech bubble was still inflating you heard the term “Paradigm Shift” used to describe the new way in which everything would be done. The term was meant to describe big things moving in big ways. There are big things moving in big ways these days too but it would probably be better described… »