Earlier this week, I had an exchange on Twitter that I wanted to share with you here. I tweeted (aka sent out a message) a photo of the mantel in Cabot’s office. The mantle is engraved with a Jesse Livermore quote that we often refer to here, “Markets are never wrong; opinions are.” (Our mantel also has reversible animals on it that can change from bull to bear and back again. We use these to show the status of two of our market timing indicators.) A fellow Livermore fan tweeted back at me saying that while they loved the...
