Since little has changed in the stock market this week, I’ll take this blog in a slightly different direction. I was drawn to three Wall Street Journal articles this week, entitled: Workers Saving Too Little to Retire Health Insurers Warn on Premiums Older Households Loading Up on Debt The first article reports that 57% of...Read More

I almost choked on my tongue while reading a recent Wall Street Journal article entitled, Keeping Up with the Dow Joneses. The author, Justin Lahart, began that article by describing the Dow Jones Industrial Average as an “arbitrary collection” of stocks that is “arcanely constructed.” Charles Dow must be rolling over in his grave to think...Read More

The Dow Jones Industrial Average continues to retrace the 15-51 Indicator’s steps seven months in arrears. The laggard that it is, the Dow Average should peak in value around mid April 2013, and then start a steady and prolonged decline thereafter. I fully expect the Dow to breach the action zone high (14,854) before the slide begins. The slide,...Read More

Well-known stock market indexes continued to suck low-information investors into the lion’s den this week. While the Dow Average failed to move again this week, it remains extremely elevated at the 14,000 mark, which is a market multiple the Dow hasn’t experienced since 2006, and before that 1999 – the housing boom and tech boom, respectively. Sorry...Read More