Category Archives: Anecdotes

The Death of ProphetCharts

By -

And of this pleasant garden that I have mostly goodly planted, I will make him gardener for his own recreation….

If all goes as planned, the greatest and most widely-used thing I ever created in my life is going to be snuffed out. ProphetCharts, used by traders all over the world for the past dozen years, is going to be eliminated from existence by those who bought it a dozen years ago.

It was, I suppose, inevitable, but when I first got the news last December, I felt a sadness I didn’tprophetNetLogo expect. I would never compare the sense of loss to losing a child – – a pain I pray I never experience and would never wish on anyone – – but it did seem like my “first baby” was being killed, and I felt powerless.

(more…)

Civil Servants

By -

I really should know better by now, but I still get amazed when I see the obscene salaries that bureaucrats and civic employees get. I can’t imagine anyone less motivated, industrious, or clever than a government employee, and yet thanks to their unions, they get salaries that far exceed the average compensation at Goldman Sachs (or Apple or Google, for that matter). The truth value of these employees is, I am highly confident, about 66% less than they are paid.

There’s a crummy little town near Palo Alto called Redwood City – – it’s a real shithole, except for a few good taco joints – – that spends over $100 million for its government. This is a “city” of 82,000 people, and one glance will show you the largesse that they’ve granted themselves…..

0426-one

(more…)

Post Mortem

By -

When the globex markets opened on Sunday afternoon, I was shocked. At the time, I had just returned my rental car at Dulles, and as I fired up my TOS app and saw the ES up about 24 points, I just about toppled over backwards.

What was shocking, of course, was that the “baseline” event – – – the high-likelihood outcome that everyone expected – – had happened, and yet it was created an explosive up-move in equities (and trashing gold). As I lamented in the wee hours of Monday morning, when I was miserably working my way out of SFO back toward home, a bullish pennant was complete.

0424-esd

(more…)

Eastern Tour

By -

Greetings and felicitations from the bowels of the Baltimore Convention Center. I’ve never stayed in “Charm City” before, and the only reason I’m here is – – well, I don’t even have to tell you. Did you know that 10% of the city is addicted to heroin? I didn’t. Ten. Percent. Isn’t that incredible? Suffice it to say I won’t be moving here.

Besides the aforementioned obvious reason for my presence here, I also took my beloved son up and down the region to visit colleges. He’s rather young for that sort of thing, but we might as well while we’re here. We looked at Penn, Haverford, Swarthmore, and my love of the rural versus urban environments became ever more clear to me. Swarthmore in particular is an idyllic campus. (more…)