Summer Hours

Memorial Day begins the summer season on Wall Street.  For the most part that can be characterized by slow starts on Monday and lazy Fridays in terms of trading.  We have our own schedule for summers in terms of posting and here it is.  This week we will have another substantive post tomorrow and nothing on Friday.  The rest of the summer we'll be on a schedule that will basically be either Monday or Tuesday, then Wednesday or Thursday.  We won't be publishing on Fridays unless events warrant.

Rest assured we'll break in as needed.  In the meantime, chew on this quote I saw last week over at the  Abnormal Returns blog site:  

Quote of the Day

"Portfolio construction is a lot like cooking. There are two equally important elements: the ingredients and the recipe. The ingredients are the signals that are used to select investments. The recipe is the set of rules used to transform those signals into portfolio allocations."

I may have more to say on this quote at a later date.

Hopefully the beginning of the summer season will bring warmer weather to the midwest and less rain!