There is an old Wall Street saying – and you guys that have been following us for any length of time know we love these old Wall Street sayings seconded only by Yogi Berra isms … digressing …
The old Wall Street saying
“Capital Markets will do what hurts the most people most of the time!”
It makes sense when everybody or at least some power players are leaning one direction it’s almost inevitable that the markets may squirm the other direction just out of too many crowding on the same side … and it’s quite possible there were a lot of heavy hitters braced for a big downside this week .
When that didn’t happen they may have had to change their positions possibly forcing markets in an upward direction .
Re-posturing market movements are not as healthy as Economic and Earnings driven markets.
Might be forced moves causing false movements … just saying!
Unlike us to talk about the capital markets so much lately … and even politics as it relates to markets … we thought it worth a little snippet here, back to more macro next week …..
Friday Post Halloween Heading for Thanksgiving
Ahhh … Today is a Friday heading into an early November Weekend, with Halloween behind us and getting closer to Thanksgiving ! Gobble Gobble – maybe the family video Blooper (Our most popular video ever …. tease tease – hey who could not use and extra chuckle this year) will make one last stand – many newbies may get a kick…heck I chuckle very time, even with so many views under the belt!
Have a Great Day enjoy your Friday and your Weekend !
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth