WSJ - what history tells us about the market.

We're at a strange time. Financial advice has essentially turned to prayers and shrugged shoulders. Financial news sites are reporting on events that have few living witnesses not because there was massive death at the scene, but because most alive at the time have passed on from old age.

That's not a bad thing. This article by the WSJ is, I think, more helpful than any other advice or modern news on what the G7 are up to this weekend. An article in a news site about events that took place almost 80 years ago. About as far from "news" as you can get. But you should read it. Another feature comes from Newsweek. Also a great way to spend a few minutes.

If you have some time to read about the events of 1929 and other crashes, I'd recommend listening or reading Reminiscences of a Stock Operator (here is the iTunes link: )

It's a story about a stock operator modeled on Jesse Livermoore from the turn of the last century who lived through a lot of what we are living through now and thrived on movements like these.

I listened to it a few months ago and have thought back to it many times during this crisis. If I could have embraced Jesse's love for "plunging" earlier, I'd be a very rich man. Sadly, I believe too much in the country to bet against it so strongly.