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There is a great editorial commentary in Barron’s this week. It is entitled, “Time for Empathetic Capitalism”. Key points of the article are as follows: – The core principle of capitalism is not the greedy pursuit of self-interest, as Adam Smith’s Wealth Of Nations implies, but rather it is the single-minded effort to create value for others, as Adam Smith opined in his earlier, and less quoted, The Theory Of Moral Sentiments. Barron’s talks about Ford as an example. – “Global capitalism” recently failed, as it was never genuine capitalism at all. There was no creating of long term value.
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Where Has All the Volume Gone? By Sal L. Arnuk and Joseph Saluzzi A Themis Trading LLC Mini White Paper With the S&P 500 up 34% from its low on March 9, 2009, the market has certainly turned. The big question: Is this a bear market rally, destined to plummet again, or a new bull market that will see a continued rise? Many investors look at increasing trading volumes as a sign that the market is heading higher. This is based on the traditional premise that when both the market and volume go up, classic buy and hold institutional
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