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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (4186)	7/15/2016 10:22:45 AM
From: Kirk ©	4 Recommendations Recommended By Gottfried mary-ally-smith Return to Sender toccodolce Read Replies (1) \| Respond to of 26766

Interesting. In acknowledging that this track record is “most impressive,” Sullivan added the appropriate qualification: “What has happened in the past does not necessarily translate into the future. Putting it another way, there is no such thing as a perfect indicator.” Nevertheless, he said: “The only thing we have to go on is what has happened in the past.” And, for now at least, Sullivan is bullish on the stock market and recommending a 100% invested position. Hulbert or Dow Jones decided to stop publishing the HFD newsletter. I subscribed just to get his performance rankings for the 200 or so he followed. In his last "I give up" issue, he pretty much confirmed that using his data to pick newsletters to follow was pretty much worthless. I argued with him privately that how he measured some of his "top" newsletters was flawed at best and possibly dishonest. He wouldn't follow me for what I believe personal reasons... I was highly critical of one of the newsletters he bent over backwards to promote in exchange for what I though was that newsletter talking about HFD to a national audience. Anyway, nobody needs convincing these days that there were and still are issues of honesty on "Wall Street."

To: Gottfried who wrote (4186)	7/15/2016 1:30:48 PM
From: Kirk ©	3 Recommendations Recommended By Gottfried mary-ally-smith Return to Sender Read Replies (1) \| Respond to of 26766

It is interesting that the number of listed firms peaked out long before all the regulations were added after Enron and Worldcom scam companies. I think those rules added about $5M to the annual cost of being a public company so now the small, private companies sell themselves to larger ones rather than go public unless they are very, very successful such as Tesla, Facebook, etc. Also, small companies often find they save a ton (or $5M) by merging. What happened in 1996 that caused this to roll over? Was it because "Irrational Exuberance" where companies had shares worth less than their cash so they used the shares as currency which I feel marked the top of the internet bubble? Or was it something else in 1996.... Nice chart from humble1 who didn't say where he got this chart...