Last week the Capitol was invaded by an angry mob. And this week, the president was impeached. Meanwhile, if you had been looking only at the stock market, you wouldn’t have had any idea. Not only is the market higher today than it was the day before this all started, but the VIX—the market’s “fear [...]
A Nobel Prize winner’s unhelpful advice
At one time or another, we’ve all had this experience: You’re driving on the highway when, all of a sudden, a maniac goes speeding by, weaving in and out of lanes. Most people have the same reaction when this sort of thing happens: “That guy is crazy,” they think to themselves. “If he doesn’t slow [...]
The Election and the Market–So Far
While we're still waiting for the final tally, these are some initial observations on the stock market's reaction, so far, to the election. [...]
Tesla (and Zoom) out in the cold
Earlier this week, Tesla reported financial results for its most recent quarter. And for the fifth time in a row, it reported a profit. This was notable for a few reasons. Among them: Tesla’s increasingly strong performance again raises the question of why it has been excluded from the S&P 500 [...]
Consistency vs. stubbornness
In The Book of Joan, a tribute to the comedian Joan Rivers, her daughter, Melissa, shares some of her late mother’s quirks. Among them: Her mother always drove 40 miles an hour. Regardless of where she was—on the highway, in a school zone, in the driveway—she always drove 40 miles an hour. Melissa’s [...]
