One of the reasons why we have secular cycles is due to the time-tested principle that people don’t change. The two greatest emotions that every investor has battled with are fear and greed. We see euphoria and rampant greed at secular bull market tops and outright despair and fear at...
Walgreen's decision to go ahead and buy the 55% of Alliance-Boots that it does not own, but not move their headquarters may mark the beginning of the end of the so-called inversion boom. Inversion is simply when a U.S. business buys a foreign company in a lower tax country and moves its headquarters there.
Based on capitulation-like selling in both the small cap equity and junk bond segments of the market, it is quite likely that last Friday marked a low. While the recent pullback was not fun it also wasn’t the beginning of a bear market as many bearish pundits claimed.
Is the public wrong all the time? The answer is decidedly, “No.” The public is perhaps right more of the time than not. In stock-market parlance, the public is right during the trends but wrong at both ends!
If you want to get worried about long-term stock market valuations, this week's chart should do the job. I saw a version of this chart recently in a research report by Daniel J. Want, who is Analytics Director for Prerequisite Capital Management in Queensland, Australia.
Although it might seem odd for a school of economics to largely ignore the role of money in the economy, this is indeed the case with traditional Keynesian economics. Declaring in 1963 that, “Inflation is, always and everywhere, a monetary phenomenon,”
Given the persisent deterioration in market breadth starting around the beginning of July, I began cautioning over the last couple weeks that risks for a correction were starting to build. Now that the S&P 500 and the Dow Jones Industrial Average have finally cracked, the question is how much more damage is to come?
Stock market action finally became interesting for a change today, both on and beneath the surface. First of all, the SPOOs [S&P 500 index futures] were weak overnight, for no particular reason, though the mainstream media tried to make up several excuses ranging from Argentina's default...
In the U.S., coal consumption has been flat to declining for the past 20 years. Just since 2007, U.S. coal consumption has fallen by more than 20%. This is the primary reason the U.S. leads all countries in reducing carbon dioxide emissions over that same time period.
The Latest Conference Board Consumer Confidence Index was released this morning based on data collected through July 17. The headline number of 90.9 was an improvement over the revised June final reading of 86.4, an upward revision from 85.2.