As of this morning’s open the Nasdaq is now up 10.5% for the year and a scorching 37.5% since the March 9th bottom.
Click for larger image
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
FDO15
Denninger had a nice point this morning. If the S&P runs up to 1000 you’re in for a 13% gain from here. However, if the S&P retests the low you’ll lose 33%. Crazy.