Thursday, June 04, 2015

Pop Quiz

Q: Which biotech stock has this price action?

June 3: 127

April 20: 160

A: It's the German 2.5% bond due August 2046

That's 0.46% to 1.37%

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.