Richard’s Wisdom -
“Richard’s Thoughts on Non-Confirmations”
When I lived in New York I talked to a lot of people about the markets. Out here in sunny, isolated La Jolla I don't talk to anyone about the markets except wife Faye and my partner, Mike Susak. Oh yeah, I talk to myself a lot, and as far as the markets are concerned -- most of what I really do is listen.
You see, it's the language of the markets that I depend on. And over recent weeks I've listened to the market about as intently as I have at any time over the last fifty years. The newspapers and even the internet concern themselves with the latest news -- the news tells us what has happened. But what has happened isn't worth a tinker's dam in this business.