Friday, October 18, 2013

Getting Frisky

"By the way, the point between rationality and what we would call the irrational is a very difficult point to establish. There's no specific line, as you know." – Leo Ornstein

While we tend to agree with the late great composer and pianist, we're reminded on a weekly basis that for the equity markets the distinction between rational and irrational behavior was crossed this past March ~ SPX 1530.  

Carry on, but please consider some contraception.