Ludwig van Beethoven’s Symphony No. 7 in A major, consists of four incredible movements and was composed between the years 1811 and 1812, at which time the poor man had already turned almost completely deaf. I must admit that listening to this symphony in particular often brings tears to my eyes. First as a visceral response to its unparalleled beauty and technical perfection, but even more so knowing that Beethoven never had been able to actually listen to his own creation.
No matter where you stand politically and what you may think of President Donald Trump, you’ve got to admit that he’s a pure breed optimist. And just maybe, despite all the media poison and the political infighting, it is that very sense of good old fashioned American can-do optimism that continues to fuel the flames of the Saturn V mega rocket that has propelled equity markets to all time highs with apparently no end in sight.
It is Friedrich Nietzsche who we attribute to having said that ‘the higher we soar, the smaller we appear to those who cannot fly.’ He actually went on to coin several other flight related quotes, but as ole’ Friedrich kicked the bucket in late 1900 I doubt that he actually ever boarded anything resembling a real aircraft. Because had he done that he would invariably have rephrased it to ‘the higher we soar, the smaller appear the ones [on the ground] who cannot fly.’
Clearly and rather understandably being a product of his time Nietzsche contemplated flight from the perspective of an earth bound observer. Because I can tell you from [...]
A slowing of the trend in the S&P 500 over the past few sessions has evolved into a more pronounced sell off overnight, and by the time you read this my ongoing E-Mini long campaign may have already met its maker. And that would be perfectly fine as we’ve been riding this rally way beyond expectation. And I mean that in a strictly technical sense and not an emotional one. A 3R or 4R winner is considered a very good run these days, especially given the increase in intra-day volatility over the past few years. More than double that should always be considered the rare exception, rather than the norm. That fact of course does little to prevent most retail participants from [...]