Like most investors, investment advisers are a consensus seeking lot. Most of them are not willing or psychologically able to do anything that is outside the accepted current trend. That doesn't make them evil or dishonest or anything else bad; it just makes them human. It is always hard to stick out from the crowd when the consequences of doing [...]
We have been pointing out for over a year now that the trend in the economic data has been negative and we've taken some grief for that as the stock market has marched higher. Jeff Snider, in particular, has been raked over the coals by some commenters (public and private) for his reporting on the negative trends as if he [...]
By Brian Cronin Last Friday was the 25th anniversary of the Crash of 1987. On Black Monday, the Dow tanked 508 points (about 23%) and those who were invested lost over $500 billion. By January of 1989 it recovered all it had lost. Compared to where we are now, it was a drop in the bucket. Hardly anything happened in [...]
File these under Joe Calhoun’s “everything has already happened” theme. In doing research for last Friday’s RealClearMarkets column I happened to read the Republican Party Platform. I was mostly interested in the Gold Commission/hard money initiatives, but some of the other “planks” offered a very telling glimpse into the party’s positions: They [The Democratic Administration] have debauched our money [...]
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