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American Exceptionalism

I thought it would be more appropriate to start the year with a big picture write up, and to do so it’s fitting to start by mentioning part of an address Abraham Lincoln gave in September of 1859:

All Financial Crisis End

Just about a week ago on November 20th the S&P 500 Index closed at 752 down 22% for the month, but in yet another sign of market’s volatility the index rallied 19% from the lows in just five days to close at 896 down 7% (vs. 22%) for the month.

Fooled by Randomness

This past month I decided to re-read Fooled by Randomness an excellent book written by Nasim Taleb. The book is a great read for anyone that hasn’t looked or isn’t used to looking at various events from a mathematical or statistical perspective.

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