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"The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall." --Benjamin Graham
"The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall." --Benjamin Graham

DXY UP, GOLD/SPY DOWN

DXY UP, GOLD/SPY DOWN (April 20, 2026): Whenever any asset has made an extended move in one direction, and is about to make a huge move in the opposite

"But just months later, swept up in the wild enthusiasm of the market, [Sir Isaac] Newton jumped back in at a much higher price and lost £20,000 (or more than $3 million in today’s money)." --Benjamin Graham
"But just months later, swept up in the wild enthusiasm of the market, [Sir Isaac] Newton jumped back in at a much higher price and lost £20,000 (or more than $3 million in today’s money)." --Benjamin Graham

REVERBERANT REVERSALS

REVERBERANT REVERSALS (February 8, 2026): We have become conditioned by society to want to "turn over a new leaf" each time we approach and enter a new

"A technique that works repeatedly is to wait until the prevailing opinion about a certain industry is that things have gone from bad to worse, and then buy shares in the strongest companies in the group." --Peter Lynch
"A technique that works repeatedly is to wait until the prevailing opinion about a certain industry is that things have gone from bad to worse, and then buy shares in the strongest companies in the group." --Peter Lynch

3 FAT YEARS, 3 LEAN YEARS

3 FAT YEARS, 3 LEAN YEARS (December 28, 2025): It is appropriate that the Bible parshah for this week is about Joseph interpreting Pharaoh's dream

"When the neighbors tell me what to buy and then I wish I had taken their advice, it's a sure sign that the market has reached a top and is due for a tumble." --Peter Lynch
"When the neighbors tell me what to buy and then I wish I had taken their advice, it's a sure sign that the market has reached a top and is due for a tumble." --Peter Lynch

WANTED: LOST PUPPIES

WANTED: LOST PUPPIES (December 7, 2025): Whenever we are in the process of completing a major bubble peak for large-cap U.S. equities, as we had previously

"You will be much more in control, if you realize how much you are not in control." --Benjamin Graham
"You will be much more in control, if you realize how much you are not in control." --Benjamin Graham

TAX-LOSS POUNCING

TAX-LOSS POUNCING (November 23, 2025): I am sure that by this time you have either heard from your accountant or read numerous articles about how you can save