Category Archives: MN Gordon
On Price Distortions and Landmines
Former Federal Reserve Chairman Alan Greenspan told CNBC on Friday that the Dow’s new highs and 10-day run were not the result of “irrational exuberance.” On cue, the Dow took a 25 point nose dive…closing out the day with its … Continue reading
What’s Really Propelling the Stock Market Higher
Consumers are back at it…doing what they do best. They’re buying stuff and they’re consuming it. Moreover, they’re doing so at an accelerating rate. The Commerce Department reported on Wednesday that retail sales increased 1.1 percent in February, the largest … Continue reading
On the Good and Proper Way to Celebrate the New Bull Market
Something magical happened Tuesday. The Dow Jones Industrial average closed at a new all-time high of 14,253…eclipsing its previous closing high of 14,164 set nearly five and a half years ago. What a feat. Wall Street cheered. Jim Cramer pumped … Continue reading
Dead Wrong
New evidence was revealed last week further confirming that not only is President Obama a doomsayer…he’s a liar too. The first of the President’s deceits was amusing hyperbole. The second was pure humbug. Still, they were nothing compared to some … Continue reading
