Quotation of the Day

[riverbabe]

You know that the Waffle House Index is an actual tool used by FEMA, right? You don’t? Oh, here you go.

[The Joplin Globe / Koby Levin via GovTech]

[riverbabe]

"It looks very much like the computer was driving."

STEFFAN WATKINS, an IT security consultant who writes for Janes Intelligence on ship tracking, on the path of the 730-foot freighter that struck an American Navy destroyer off the coast of Japan.

[SetPick-UP]

Investing quote I like most to lead me in any market. " As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past. " -Timothy Geithner

[riverbabe]

Welcome back, Wall Street, to the doldrums. After four straight quarters of rising income from trading, the biggest U.S. investment banks spent the past few months in a renewed slump.

“As a salesman or trader, it does get to the stage where you go, ‘Christ, what am I going to do for the rest of the day?’” said Chris Wheeler, a bank analyst at Atlantic Equities. – Bloomberg https://www.bloomberg.com/news/articles/2017-07-11/bored-traders-on-tinder-are-a-symptom-of-wall-street-revenue-dip

[riverbabe]

QUOTATION OF THE DAY

"You start worrying about everything, you'll go crazy and you won't enjoy life."

JIM GORSKI, a former Navy pilot who lives in Alaska, on the likelihood of the state being hit by a North Korean missile.

[billyjoe]

John McCain said some nasty things early in his life, but lately has shown some wisdom. Let's hope he has many years left.

"Suppression of a free press is the way dictators get started" John McCain

--------------billy

[billyjoe]

"You are never a loser unless you quit trying" Mike Ditka

-----------billy

[Karel]

"You are never a loser unless you quit trying" Mike Ditka

“You are a real loser when you just can’t stop trying” Karel I love inspirational quotes Peijnenborg

[Louetta]

"We're more concerned with how many people are working outside the White House than inside it." One of several versions of the same thought said by WH press secretary Sarah Huckabee Sanders in talking about the departure of Mr. Scaramucci.

"You know, in my hometown of Hope, Arkansas, the three sacred heroes were Jesus, Elvis, and FDR, not necessarily in that order." Mike Huckabee, father of Sarah.

[riverbabe]

“A 50-percent pullback is conceivable. I don’t believe it’s 10 years off. I don’t even believe it’s a year off. “

— Ron Paul, telling CNBC that the chaos in Washington bodes ill for the stock market.

[riverbabe]

Tweet of the Day

Nothing I hate more than when an undocumented 10 year old steals my job.

Downtown Josh Brown

@ReformedBroker on Twitter

[billyjoe]

River, I know Downtown Josh Brown after seeing his picture. Never realized the name went with the face.

--------------billy

[riverbabe]

Today’s Chatter Investors around Wall Street are talking about a research paper from Hendrik Bessembinder of Arizona State University. Its findings: The entire net gain in the U.S. stock market since 1926 is attributable to the best-performing four percent of listed stocks, as the other ninety six percent collectively matched one-month Treasury bills. The key takeaway The results help to explain why active strategies, which tend to be poorly diversified, most often underperform.

[riverbabe]

Today’s Chatter Investors around Wall Street are talking about a research paper from Hendrik Bessembinder of Arizona State University. Its findings: The entire net gain in the U.S. stock market since 1926 is attributable to the best-performing four percent of listed stocks, as the other ninety six percent collectively matched one-month Treasury bills. The key takeaway The results help to explain why active strategies, which tend to be poorly diversified, most often underperform.

Does this matter to anyone here? It's not going to change my trading. What does THE HUGE ONE think?

[Louetta]

Does this matter to anyone here? It's not going to change my trading. ....snip....

Methinks it matters in one respect. Frequently one sees people say they will sell half their shares in a stock after a stock doubles. I've always thought this is a big mistake. The above seems to say most stocks just putter along while a few soar, so if one sells part of the soaring ones automatically one loses out on a lot of the eventual gain.