European Debt Crisis

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 [...]

Ignore the Noise!

July 21, 2010

Market sentiment has been highly volatile lately. Unbridled optimism is abruptly replaced by fatalism in the blink of an eye as traders react to the news of the day. The Dow [...]

Why the Sell-off?

February 12, 2010

The S&P 500 has now declined over 7% from the recent peak on January 19th. This drop has come despite a round of corporate earnings that were largely ahead of [...]