What The Hell Are You Talking About?

Let's explain the market religion of momentum and its undeniable powers at avoiding major selloffs (like the one we're experiencing right now).

Dear Fellow Expat:

The emails trickled in one at a time…

Then the phone calls started.

A business-school friend – with an MBA and decades of executive experience…

A financial publisher who’d edited newsletters for 30 years…

A bartender in Washington D.C.

A relative in Maryland… And readers from around the globe.

All asked the same thing about my analysis of the markets on Wednesday, July 16.

“What the hell are you talking about?”

Keep It Simple (Stupid)

Please forgive the market jargon and the argle-bargle. My wife has put up with this for years. I explain things in academic and trading world terms…

She smiles and nods.

My mother did the same when she edited a riveting graduate school paper, “Executive Accountability in the Oceanic Commons…”

“I don’t really understand any of this,” she said, handing me a marked-up copy. “You also used the word ‘Complement’ wrong.”

The markets are a foreign language. They’re technical. There are many things that require definitions. I see many people asking why th…