Feeling Bullish?
Byron Wien, vice chairman of Blackstone Advisory Partners, and I were on Larry Kudlow’s show on Monday night, and Byron was bullish. He said that he felt that the economy [...]
August 2011
Don’t Believe the Hype
On Wednesday, the Congressional Budget Office released updated projections for federal government deficits and debt over the next ten years. Some people may have been excited [...]
Absolutely Wrong
Absolutists, extremists, and strict dogmatists all worry me. Each forgoes the shading of his personal interpretations in lieu of strictly accepted criteria. All are [...]
Weathering the Storm
Referring to the recent developments in the stock market as unpleasant is like referring to the Japanese attack on Pearl Harbor as unpleasant. This is as rough and volatile a [...]
Uncertainty
One of the first things investors learn after “buy low and sell high” is that markets hate uncertainty. A downgrade of the sovereign debt of the United States of America [...]
Reading the Tea Leaves
Most of the pundits had expected a relief rally in stocks following a resolution to the debt ceiling crisis. That did not happen. Despite a last-minute agreement by Congress [...]
