Stocks have stumbled into October with the S&P 500 down about 6% as I write this. The source of equity investors' angst is always hard to pinpoint and this is no exception but this correction doesn't seem to be due to concerns about economic growth. At least not directly. The...
A short interview with Jeremy Siegel by Robert Huebscher in Advisor Perspectives. Siegel touches on a number of interesting topics: The US stock market is fairly cheap at 16 times next year's earnings - as long as interest rates are around 3%. The volatility we've been seeing lately is...
One of my favorite financial writers, Edward Chancellor, has posted this article over at ThinkMarkets, an NYU economic blog. Chancellor is the author of Devil Take The Hindmost: A History Of Financial Speculation, by far the most literate book ever written on financial manias. Yes, Chancellor says, the US is...
I went to the crossroad, fell down on my kneesI went to the crossroad, fell down on my kneesasked the lord above "have mercy, now save poor bob, if you please"Yeoo, standin' at the crossroad, tried to flag a rideooo eee, i tried to flag a ridedidn't...
Howard Gold had an article last week at Marketwatch: Why is the US stock market weak? Because the economy is too strong. What does it mean for the economy to be "too strong"? Isn't growth supposed to be good for stocks? Gold's reasoning is that Fed tightening is driving up the...