Things have come to a pretty pass. The advance may be growing flat. I say stocks are risky. But they say that’s old hat. Goodness knows what the end will be… (Apologies to George and Ira Gershwin.)
Before Rupert Murdoch’s organization took over the WSJ and Barron’s, the latter used to be a great source [...]
In a recent post, I presented evidence that there is in many circles a great deal of optimism about the future for the U.S. economy. Evidence for the extent of this optimism continues to accumulate, and not only for the U.S. Bloomberg.com reports with a headline that is a bit ironic, in that 18 months [...]
I’ve started to think that one of the reasons that the stock market has underperformed such other asset classes as bonds and precious metals over the past decade relates to little more than overoptimism. There is evidence that this may still be continuing, despite the Great Recession and the current spate of gloomy headlines on such [...]
About two months ago, on April 3, I posted Reinhart and Rogoff Fight the Fed, in which I said:
…the permissive financial environment of the past few years in which the different assets of bonds, stocks, and gold all appreciate in nominal terms. This in fact is what happened both in yesterday’s trading (and then prices [...]
I want to make a few points briefly.
First, if you haven’t, please read Dr. Davis’ discussion of our economic data two posts below this (or click HERE). He documents that economic times remain difficult, in line with the Gallup.com polling data I have frequently referred to. He also points out how difficult it is to [...]