August 2011

Feeling Bullish?

August 31, 2011

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 [...]

Absolutely Wrong

August 17, 2011

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

August 11, 2011

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 [...]


August 8, 2011

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

August 3, 2011

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 [...]