Every time I write one of these blogs I try to talk in real terms. In other words – I always try to keep it real. But today I am going to talk in Real terms – that is, adjusted for inflation. Inflation, you may recall from my book, is not growth but a general rise in prices....Read More
Mitt Romney all but ended the Republican Party primary yesterday by sweeping all east and northeast venues. Today he finds himself to be the lucky man to jump into the ring against heavyweight champion Barak Obama in a battle for the next four years. Governments control markets (read chapter 2 of my book for more...Read More
As I mentioned in LOSE YOUR BROKER NOT YOUR MONEY, I get my information from a lot of different sources. Gathered from all different kinds of news services, I prepare these blogs for independent financial managers and discuss what they should be keeping their eyes on from the view of an independent investor. Though I...Read More
There was a lot of speculation about currency trading early today and it prompted me to write this blog. First a clarification, the goal of “trading” is to make money on short-term trends. It’s completely different from investing. Trading is short-term; investing is long-term. The former is speculative and the latter is logical. As such,...Read More
Stocks closed last week with their worst trading performance so far this year. The Dow Jones Industrial Average lost 1.6 % and the 15-51 Indicator dropped 3.3%. “The market” continues to rattle around the top of its action zone range amid the same old story. Spain saw its cost of debt increase swiftly – a...Read More
“The market” rattled around the past several days which is quite common for over-valued markets. The shake-up came on the heels of renewed fears that the Euro-Zone is in deeper trouble than the “experts” previously thought. During those down days goods news, like today’s misinterpretation of Beige Book data, was missing. Without a “good news”...Read More
When you look around and follow the news and read these blogs you know the status of stock prices today – whether they are high or low and whether it is an appropriate time to buy, sell, or hold. You should also know which asset classes you should own and how much of each is appropriate for you. These are all...Read More
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
