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3 O'Clock High: Turnin' Back the Clock



Editor's Note: In case you missed it, here are two of Prof. Macke's columns from last week.

Am I the only one having a semi-vacation week? The cold wind is howling outside my window. Even more than is normally the case, I'm not inclined to leave home. I'm cuing up some Johnny Cash, downing a pot o' black coffee and getting some things off my chest. I've got lazy dogs in front of a warm fire, happy little kids in their happy little kid jimmies and no particular place to go......
From 3 O'Clock High: A Hootenanny


I don't care much about the macro retail sales numbers.

It's not that the data is noise-laden, backwards-looking and subject to endless revision, though it is all of those things. The problem with numbers like Mastercard's Spending Pulse estimate that retail sales rose 8.7% for the Christmas shopping season is that it changes nothing, in terms of your portfolio.....
From 3 O'Clock High: Touch Me

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