Top News Headlines Chinese stocks plunge, then stabilize Linn Energy shows shale bust isn't over Whole Foods stock hammered on earnings Twitter beats estimates, stock makes 52 week low Gold stops going down Economic News Durable goods orders rebound, still down almost 3% year over year Dallas Fed improves but still negative Case-Shiller shows surprising weakness in home prices Richmond [...]
The last year has been a tough one for investors. There are a few places one could have booked a double digit gain in the last 12 months but not many and certainly not in assets that are in the standard portfolio. Currency hedged ETFs for European and Japanese stocks produced big gains but a lot of the gain was [...]
All that we see or seem is but a dream within a dream. Edgar Allan Poe All things are subject to interpretation. Whichever interpretation prevails at a given time is a function of power not truth. Friedrich Nietzsche I was walking down the street wearing glasses when the prescription ran out. Steven Wright I think one of the [...]
The analysts streaming across my screen last week all had the same opinion - Greece will vote yes, accept Europe's terms and stay in the Euro. Well, as I write this, the early polls prove, if nothing else, that one should beware of experts bearing consensus opinions. According to the headlines at all the major newspapers the Greeks have voted [...]
Our lens suggests that the very low interest rates that have prevailed for so long may not be “equilibrium” ones, which would be conducive to sustainable and balanced global expansion. Rather than just reflecting the current weakness, low rates may in part have contributed to it by fuelling costly financial booms and busts. The result is too much debt, too [...]
The title is a shorthand way of saying that the most recent performance of the economy isn't predictive of the future performance of the stock market. The bottom line is that GDP growth today doesn't necessarily mean stock price growth today - GDP growth and stock returns are not highly correlated. In fact, some analysis suggests that they are negatively [...]
It was a nasty week for investors with almost no place - or at least no logical place - to hide. Of the 16 broad market ETFs I monitor on a daily basis, only one, was higher on the week - IWM, the Russell 2000 small cap ETF. That's what I mean by no logical place to hide. When the [...]
It wasn't a pretty week for stocks globally. Almost every major market was down - one prominent exception was Japan - and the minor ones were down more. China experienced a 6.5% hiccup mid-week that everyone seemed to want to see as, at least, the beginning of the end of that bull market so it probably was nothing more than [...]
The reports of my death are greatly exaggerated. Mark Twain Over the last few years I've read a plethora of articles about this supposedly hated bull market in stocks. It is said that this is the most hated bull market in history and while I'd argue with that a bit, it isn't far off the mark. The desire to be [...]
It's been almost 4 years since the last 10% correction in US stock prices, one of the longest stretches on record. Historically, on average, we get a 10% correction about every 18 months. More severe bear markets, declines of 20% or more, are associated with recessions which are hard to predict and fairly rare. Corrections are most often associated with [...]
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