Tag Archives: bubble
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
Apocalyptic Revelations and Other Fictions of Government
Are you ready? Something remarkable could happen within the next few days. In fact, this Friday, if Congress doesn’t take action, we’ll all have the extraordinary opportunity to experience something that rarely occurs… Apocalypse! No kidding… President Obama even says … Continue reading
