First the good news: The S&P 500 should climb by about 19 percent or so from yesterday’s close, says mutual fund manager Steve Leuthold in his firm’s “Green Book” monthly research report, released this morning (subscription required). Now the...
The euqity market sure did rebound nicely in 2009 --- yet, as is typical, retail investors, scared off by the trauma of 2008, put a record sum in bond funds in 2009. ...
When will all this crazy talk end? My kids, when they were much younger, used to play this game called, Opposite day. Everything you said meant the exact opposite. It was their early attempt at understanding the absurd...
In remarks released this morning by the Federal Reserve, Bernanke said regulators (and private economic participants) are going to have to do better at risk control. The AP reports the speech as saying regulators have the power to stop bubbles...
With the decade ending tomorrow, the chorus blaming bankers—and only bankers—for the economic “lost decade” will finally crescendo. (Lots of think pieces will appear online and in papers everywhere.) Naturally, politicians play the populist...
In the past, advisors would advise their clients that to make money, it was best to have “time in the market” versus timing the market. But, the brutal bear market of 2008 prompted new research that shows it may be best to avoid big losing days...
You gotta love Lloyd Blankfein, it’s true. The Financial Times on Thursday named him its Person of the Year because: “He has led for three years, not only navigated the 2008 global crisis better than others on Wall Street but is set to make record...
Murray N. Rothbard (1926–1995) was dean of the Austrian School of Economics---that queer group who think that only free markets can properly set prices, so societies should be as free as possible. Rothbard was an economist, economic historian, and...
