The Dow Jones Industrial Average closed the first quarter up 8.1%, and according to its Wall Street Journal steward, recorded its largest first quarter gain since 1998 – that was during the heat of the tech-boom era by the way. Call me crazy but this environment feels nothing like that one. The 15-51 strength Indicator grew...Read More
Stock market valuations continue their march towards irrationally exuberant levels. The Dow closed yesterday at 13,243 – less than 200 points from the highpoint of the action zone – and is relatively unchanged in early trading to day. Caution to those aggressive players still looking to sell at higher levels. Market timers and fund managers can get...Read More
There is wide belief in the false premise that the U.S. economy is gathering steam – that systemic market failures have been corrected, and that the worst of market conditions are behind investors. I caution you against such naïveté. Wall Street is notorious for over-reacting to market stimuli – in both up markets and down....Read More
The stock market story for this week, no doubt, is the massive losses posted by JP Morgan Chase – a company, no doubt, considered “too big to fail.” The company’s CEO, Wall Street sweetheart Jamie Dimon, announced in an ad hoc news conference that his company lost $2 billion in the most recent fiscal quarter...Read More
My first mini-series with Ashfordradio.com came to a conclusion on Thursday, March 8. In many ways it was an end to the beginning. As such, let me start by thanking Ashford for breaking the Lose Your Broker story and allowing me to advance the independent investor message on their network. They will always be the...Read More
Many of us forget that a global competition for profit begins with a global competition for investment capital – a.k.a. a global competition for money. Investment capital is the fuel for economic growth and prosperity. It creates jobs, raises wages and standards of living. It is the solution to poverty, unemployment, and stagnant economies. Needless...Read More
I stumbled across an interesting interview with Blackrock Management’s Laurence Fink yesterday afternoon on CNBC. Blackrock is one of the largest mutual fund companies in the world. Mr. Fink, who should have appeared on my book cover with a clown nose on his face, is their CEO. He was out trying to coax investors into...Read More
