Starting October 23, the market looks as if it is entering the long postponed correction that has been missing in action since the heroic gains that started after we reached the March 12 year lows.
Everyone is entitled to their own theories. Here are a handful for your consideration.
1. The market always moves in a saw […]
October 1st marked the sixtieth anniversary of China’s independence.
If that’s what you could call it.
Like most observers, I’ve been overwhelmed by the changes that have taken place in the past thirty years…in contrast to the constant upheavals that marked China under Mao.
Deng Xiaoping, the essential pragmatist who inherited power after the gang of four was […]
Individual investors are once again proving to be remarkably consistent and predictable in their collective response to the historic bear market of 2008-2009.
By which, I refer to their unerring instinct to buy at the top…and sell at the bottom.
It was just a year ago that the world was coming to an end. Stocks were in […]
The first section I turn to in the Wall Street Journal every morning is page 4 of the Money and Investing Section.
This is a target-rich environment, that boils down essential market data from the global equity and commodity markets, allowing for ready comparisons.
As of the market close on July 2nd, here were two statistics that […]
Now that we’ve mastered the alphabet, a brief history of Wall Street’s zoological taxonomy…
Allegedly, bull markets got their name from the habit of the bull in tossing its victim upward after impaling them on its horns. Your basic- losing matador, winning bull - metaphor.
While bear markets were named for the ursine habit of forcing their […]
Someone needs to explain this to me.
GM-Government Motors-has fallen from being one of the 30 stocks in the Dow Jones Industrial Average…to the purgatory of the pink sheets.
In one fell swoop.
That’s what they call the over-the-counter market for stocks that no longer qualify for listing on the Big Board or Nasdaq exchanges.
Which makes perfect sense, […]
It’s not a rhetorical question.
Your risk preference as an investor is dictated to a large extent by the degree to which your income is stable.
For example, if your income is derived from commissions or other highly variable compensation structures, you have, in essence, income characteristics more resembling a stock than a bond.
The common stock holders […]
This was the descriptive phrase that Gertrude Stein, and later Ernest Hemingway and F. Scott Fitzgerald used to describe the war weary and disillusioned post World War I Generation.
It could also describe the generation that came of age during the Great Depression…
…with the lessons of the Stock Market Crash and widespread unemployment that caused them […]
