Category Archives: Stock Market
Tales from a Late Stage Bull Market
An endearing quality of a late stage bull market is that it expands the universe of what’s possible. Somehow, rising stock prices make the impossible, possible. They also push the limits of the normal into the paranormal. Last week, for … Continue reading
The Donald Can’t Stop It
The Dow’s march onward and upward toward 30,000 continues without reservation. New record all-time highs are notched practically every day. Despite yesterday’s 31-point pullback, the Dow’s up over 15.5 percent year-to-date. What a remarkable time to be alive. The President, … Continue reading
How to Prepare for Another Market Face Pounding
“Markets make opinions,” goes the old Wall Street adage. Indeed, this sounds like a nifty thing to say. But what does it really mean? Perhaps this means that after a long period of rising stocks prices otherwise intelligent people conceive … Continue reading
Tales from the FOMC Underground
Many of today’s economic troubles are due to a fantastic guess. That the wealth effect of inflated asset prices would stimulate demand in the economy. The premise, as we understand it, was that as stock portfolios bubbled up investors would … Continue reading
