Mindblown: a blog about philosophy.

I am starting to feel like the famous former New York Yankee’s catcher, Yogi Berra, when he quipped, “It’s like déjà vu all over again.” The last several weeks of trading have reminded me, once again, of what took place in March of 2020. At that time there was irrational trading based upon rumors, innuendos,…

I watched in amazement as the media distorted financial information based on an uninformed reading of the above statistics. I never really know whether this misinformation is due to the lack of intellect in economic terms or maybe there is a political motivation to their lack of clarity. This month was a really good example…

There is no way to sugarcoat the fact that the month of September was a real stinker for the stock market. Even though there was no fundamental reason why the market went down, I guess the weight of seven straight “up” months finally meant the traders needed to reestablish their dominance. But it has still…

The title above is one of the most famous sayings on Wall Street. For the decades that I have been in this business, all I have heard from professional traders is that you sell in May, go to your summer estate, and come back in the fall. The theory was that in the old days…

As the above title indicates, economically we could not be in a better place than we are today. We are seeing a ramp up of the economy that is virtually unprecedented. We have not enjoyed an increase in GDP as good as we have now since the Ronald Reagan years. We are seeing the workforce…

Every now and again I like to quote myself because it seems over the last two years, I have been more closely predicting the outcome of the markets than people that are paid many times my pay scale. It just doesn’t seem like there is a high level of confidence in the economic recovery, which…

Probably a great deal of the investing public has never heard of Peter Lynch. During my formative years of investing, he was the most famous investor of all time. Peter Lynch ran the Fidelity Magellan Fund for 13 years with an average gain of 29.2% and had unparalleled success. Even in the stock market crash…

I know I have used this famous Groucho Marx quote in many of my postings, however, I find it particularly compelling at this particular time. It is hard for me to imagine that a great many Americans cannot see the explosion of the economy that is occurring around us. I guess it is influenced by…

Every time I read the quote from Yogi Berra above, I have to nod my head in agreement. He definitely had a way of simplifying complex subjects. Predictions are difficult when the facts are unknown and the conditions heading into the future are unpredictable. We found ourselves in that exact predicament one year ago, in…

There is so much good news to report this month that I am bewildered by the overall tone of the news you read every day. I guess it has become so commonplace to be negative that people just cannot see the good from the bad, so this month I would like to talk about things…