The Waiting Game
I read an interesting bit of trivia in a Barron’s article over the weekend. The article said that this Thursday “marks the day when the bull market that began in [...]
Wall Street
The Fed Remains in the Driver’s Seat
Perhaps the most lasting legacy of the Great Recession is that the short-term direction of the stock market has almost completely decoupled from the real economy. We’re [...]
Risk-Off Was Inevitable
Stocks opened significantly lower this morning, and the current sell-off has the S&P 500 about 8% below its all-time high in May of last year. In light of this news, I [...]
Climbing a Wall of Worry
The naysayers be darned! According to our rudimentary analysis, US stocks have handily outperformed eight other major asset classes since the beginning of 2013. Many [...]
Knightmare on Wall Street: Revenge of the Machines
On Wednesday, August 1st, there was trading trouble in the stock market. Though it didn’t cause another “flash crash,” it had a lot of the same worrisome [...]
AGAIN? Throw the Bums Out!
MF Global is the latest dastardly culprit of Wall Street’s arrogance and excess. Less than three years after a systemic collapse of the US financial system that led to [...]
Double Dip Recession? The Emperor’s Naked
On Wall Street, as in all places, the truth will set you free. The opposite may be occurring. The un-truth may be trapping us. I’m hearing almost universal consensus on two [...]
The Fed Has Shifted Policy. Buy Stocks and Munis
Home Sales stunk, and the Fed Governors are squabbling. Ergo: markets sold off. This strikes us as more than casual market noise, and it appears as though there has been a [...]
Goldman Was Naughty!
The Trend’s Your Friend Don’t Fight The Tape Don’t Fight The Fed Buy Low, Sell High – Ay There’s The Rub! I really like my title. Wall Street’s truths are hard [...]
Hey, They’re Still Breathing And The Noise is Getting Louder
The Dow Jones Industrial Average has fallen over 500 points (about 5.6%) in the past 8 or 9 trading days. Volatility is up about 10%. The Fed removed the deflation language [...]
