Thoughts

Wednesday was another dull, light-volume, moving-steadily-higher day.

Iomega Redux?

History may not repeat itself, but it certainly rhymes.

"The more things change, the more they are the same."

-- Alphonse Karr

In the last tech bubble, it was Iomega and the Iomegans.

In the rare-earth bubble, it's SHZ and the ShenZhous.

History may not repeat itself, but it certainly rhymes.

Heads You Win, Tails You Win?

The same commentators who told us that low interest rates were good now claim that higher interest rates are good.

Getting little conversation in the media was yesterday's failed/disappointing auction by China's finance ministry of 91-day bills.