Postcards: Don't Stop Driving...

A car accident in the 1990s told me everything I need to know about trading.

Market Update: Greetings from Nice, France, where the internet is spotty and the cheese is delightful. Consumer sentiment fell today, and that will likely grind us into some profit-taking over the next few weeks. Liquidity is still ample. My apologies to everyone for this email being sent late in the day… I couldn’t figure out my hotel WiFi to save my life, and now we’re settling in on jet lag. All 11 sectors are negative, and we’re red across the board. More than 7,000 stocks are negative today.

Dear Fellow Expat:

The song “Down With Disease” by Phish blasted out all four windows up Coastal Highway in Ocean City, Maryland. Sitting to my right was James, a guy who couldn’t be more proud to be Irish. In the back, three friends we met that week.

In the song, Trey Anastacio sings…

Waiting for the time when I can finally say
This has all been wonderful but now I'm on my way
But when I think it's time to leave it all behind
I try to find a way to
But there's nothing I can say
To make it stop
(Stop,…