Tag Archives: S&P500
Holding the Permanently High Plateau
“Stock prices have reached what looks like a permanently high plateau,” said Ph.D. economist, Irving Fisher, on October 17, 1929. “I do not feel there will be soon if ever a 50 or 60 point break from present levels, such … Continue reading
Musical Chairs Investing
Markets were closed yesterday in observance of Labor Day. But here at the Economic Prism we labored on. There’s always something to contemplate. Where to begin? One place, obviously, is this crazy stock market. Day after day, week after week, … Continue reading
This Bull Market is Cooked
Several cracks in what was thought to be a granite foundation supporting the stock market were revealed last week. The S&P 500 fell 2.67 percent between weeks open and close. For the month of July, the S&P 500 finished down … Continue reading
Cause and Effect of a Broken Market
According to the professionals, the economy’s improving. Can you believe it? Despite the fact that first quarter GDP declined at an annual rate of 1 percent, economists are coming up with the darnedest reason why things are getting better. “Late … Continue reading
