Aug

11

Highs in markets and people

August 11, 2022 |

only question is how long to all-time hi. i don't know but it looks like another big hi in 10 trading days. if bicyclist and senate continue to gain, could be sooner. you have to admire the full court press of the dark bicyclist and of course this is very bullish.

the bonds have arabesqued very quietly to a 17-day low, and crude is up 5 days in a row with stocks at a 120-day hi.

as grandpa Martin would say: Martin served as court interpreter and spoke 25 languages. he didn't like that court interpreters were paid 1/2 of court clerks so he took the exam at 70 years of age and came in second out of 5000. he was a genius. still have his old math books.

He served as controller for Irving Berlin's music firm and there he met his wife who he proposed to on first meeting her. he traded with the boy wonder and liked to buy stocks such as allis chalmers, air reduction, and american standard.

he liked to use the theory of least effort to guide his speculations. "i believe the least effort would be for stocks to go down" he would say. Having lost his fortune in the depression, he always feared a repeat and never took more than a 10% profit on any holding.

like so many others I was fortunate enough to know well, I wish I realized his greatness at the time. Some unsung heroes I have not written about are the Schrade family, Herb London, and Harvey Sellers. "a kite not caught on a tree is like an ice cream cone not eaten."

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