- Editorial Comment #1 – Dan can forgive the NYSE for the computer glitch, but not for the sloppiness and the cavalier in which the NYSE handled the situation. “Virtually all the decline on June 8 was a result, in my opinion, of the absurd and shameless manner in which the NYSE comported itself.”
- Editorial Comment #2 – The CME extended trading hours until 5:05 without giving the public adequate warning, so a sale that should have been at about 1240 ended up settling at 1231.70. “I can think of no excuse that justifies the CME making a change in posture at the very last moment, and it absolutely infuriates me.”
- I read your May 21 article in Barron’s with interest… Are you considering that the Fed has been lowering interest rates and in ’29 was RAISING interest rates? Don’t you think the January 2001 rally counted as a bear market rally that would lead to the bottom of this bear market?
- I would like to know if you address the demographic theory of baby boomers driving the market at all. I had this theory so ingrained in my mind by my broker that I believe that is why I kept my money invested and have lost so much market value. The graph of citizens that age has correlated very closely with the market. Have you seen it?