The Miraculous Stair-A Rally of Legend

Mish Schneider | April 26, 2017

In 1878, after nine days of Nun’s prayers, a rare helix-shaped spiral staircase leading up to a loft appeared at the Loretto Chapel in Santa Fe.

With no attachment to a wall and built with dowels and wooden pegs, this …


A Matter of How Much Hot Air

Mish Schneider | April 25, 2017

A hot air balloon is made of a fabric gas bag (envelope) with an opening at the bottom. Attached to the envelope is a basket that carries passengers.

The burner, fueld by propane, injects a flame which heats the air …


Baby, We Were Born To Run

Mish Schneider | April 24, 2017

Even this fast-running Roadrunner pauses at the Handicapped Parking sign.

A bird born to run, it can outrace a human. It can kill a rattlesnake. It thrives in the harsh desert landscape.

Last week, the market paused at the many …


How Many Traders Does It Take to Change a Lightbulb?

Mish Schneider | April 23, 2017

How many hard hats does it take to remove a sapling?

Apparently five. One to control the forklift and four to stand around and watch.

Ok, derivation of an old joke. However, applicable to last week’s market action.

First off, …


Buffalo Bill's Wild West Show: Winners and Losers

Mish Schneider | April 20, 2017

Continuing with the Wild West theme, “Buffalo Bill” Cody staged the period with “border dramas.” Buffalo Bill’s fame as a westerner gave his shows star appeal and an aura of authenticity.

The market has had its own border drama this …


Dance Hall Girls and Profits for Fifteen Minutes

Mish Schneider | April 19, 2017

Yesterday, we explored the myths and truths of the old Wild West and the current Wild Market.

Back in the day, rowdy frontier towns gave rise to saloons, which in turn gave rise to the “saloon girl.”

The “saloon girl,” …


The Myths and Truths of the Market’s Wild West

Mish Schneider | April 18, 2017

Pull into Pinos Altos, NM and get a sense of the old Wild West.

Trade the current market and also get a sense of the old Wild West.

Both the market and the Wild West are fraught with myths and …


The Market Awaits the Opposable Thumb Signal

Mish Schneider | April 17, 2017

On April 4th I asked, “Is Wall Street the New Sesame Street?”

At the time, we surmised that Elmo is a worried NASDAQ and Abby with the lower position on the seesaw, is a cautious Economic Modern Family.

With Earnings …


Well-Marked Trails and Ones That Suddenly Appear

Mish Schneider | April 15, 2017

Sometimes, you head out on a trail with a specific route mapped out.

Other times, you head out and see an unexpected trail to follow.

Last weekend, we started out hiking a well traversed trail. Suddenly, an arrow pointing to …


The Bullish Phases are Stolen Pictures

Mish Schneider | April 12, 2017

We checked into a Route 66 hotel. Where art once hung, (reluctant to think an original painting), was now a pronouncement of theft.

Where investors once hung confidence, is now a pronouncement of robbery.

What has been stolen? The Bullish …