Fund Manager Leuthold Says Outlook Good for Stocks—at Least in the First Half of 2010
Jan 05, 2010
First the good news: The S&P 500 should climb by about 19 percent or so from yesterday’s close, says mutual fund manager Steve Leuthold in his firm’s “Green Book” monthly research report, released this morning (subscription required). Now the...
Is There a "New Normal" in Your Future? How to Invest in a Recession-like Economic Climate
Jan 05, 2010
The euqity market sure did rebound nicely in 2009 --- yet, as is typical, retail investors, scared off by the trauma of 2008, put a record sum in bond funds in 2009. ...
Dolphins Are People Too --- Well, "Non-Human Persons"
Dolphins Are People Too --- Well, "Non-Human Persons"
Jan 05, 2010
When will all this crazy talk end? My kids, when they were much younger, used to play this game called, Opposite day. Everything you said meant the exact opposite. It was their early attempt at understanding the absurd...
Ben Bernanke Loves 30-Year Fixed Mortgages, as He Should
Ben Bernanke Loves 30-Year Fixed Mortgages, as He Should
Jan 04, 2010
The ...
Bernanke Says Regulators Should Stop Future Bubbles Before They Happen, Says AP
Jan 03, 2010
In remarks released this morning by the Federal Reserve, Bernanke said regulators (and private economic participants) are going to have to do better at risk control. The AP reports the speech as saying regulators have the power to stop bubbles...
What the Naughties Taught Us—It’s the Gub’ment’s Fault
What the Naughties Taught Us—It’s the Gub’ment’s Fault
Dec 30, 2009
With the decade ending tomorrow, the chorus blaming bankers—and only bankers—for the economic “lost decade” will finally crescendo. (Lots of think pieces will appear online and in papers everywhere.) Naturally, politicians play the populist...
Financial Innovation Is Not Evil. Seriously.
Financial Innovation Is Not Evil. Seriously.
Dec 30, 2009
In ...
Which Is Best? Time in the Stock Market or Avoiding Biggest Losing Days? The Debate Continues
Dec 29, 2009
In the past, advisors would advise their clients that to make money, it was best to have “time in the market” versus timing the market. But, the brutal bear market of 2008 prompted new research that shows it may be best to avoid big losing days...
FT Names Goldman’s Blankfein Person of the Year, Why Not You, The Retail Financial Advisor?
Dec 28, 2009
You gotta love Lloyd Blankfein, it’s true. The Financial Times on Thursday named him its Person of the Year because: “He has led for three years, not only navigated the 2008 global crisis better than others on Wall Street but is set to make record...
Reliving the Crash of '29. Like Now, It's Largely the Gub'ment's Fault
Reliving the Crash of '29. Like Now, It's Largely the Gub'ment's Fault
Dec 23, 2009
Murray N. Rothbard (1926–1995) was dean of the Austrian School of Economics---that queer group who think that only free markets can properly set prices, so societies should be as free as possible. Rothbard was an economist, economic historian, and...
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