A correction is a beautiful thing, simply the flip side of a rally, big or small. Theoretically, even technically I’m told, corrections adjust equity prices to their actual value or “support levels”. In reality, it’s much easier than that. Prices go down because of speculator reactions to expectations of news, speculator reactions to actual news, [...]
Posts from ‘February, 2012’
Pacman
In 1980 a little known distributor by the name of Midway released a game destined to become one of the greatest arcade classics of all time. Developed by Namco, Pacman is a maze game in which a player navigates Pac-man, a yellow figure, through a maze eating pills and avoiding ghosts. Pacman has undeniably had [...]