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The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

02 November 2007

Yesterday

Yesterday's market action is decidely negative.

That much might be obvious to all, but the more interesting question is whether yesterday's ugliness proves ephemeral, or instead ushers in an intermediate term change of trend. Unfortunately, and despite the likelihood of gap higher openings (typical market action) this morning, it will likely prove to be the latter case.

A
lengthier post showing why risk increases for more than mere short term reversals (to down from up) should appear this weekend.
-- David M Gordon / The Deipnosophist

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