The performance of the economy has been disappointing, but not the recent performance of the stock market. It has performed as if there are no economic worries at all. Is it seeing things that are not captured in current statistics? Is it forecasting a recovery? The answers to these questions are not answerable. Yet it appears that [...]
Tag archives for Stock market
A Madoff Market
Fantasy is fun while it lasts. But reality eventually intercedes and interferes with even the mildest fantasy. Those way out in fantasy land are especially vulnerable to disappointment. So it is for those betting on the stock market and an economic recovery. More Bad Information There is no economic recovery despite all the media and Washington [...]
Let’s Eat The Rich

Hooray, the grand compromise (actually a total Republican surrender to Obama and Statism) has been reached. The stock market apparently endorses the deal, as it appears to be in a melt-up this first trading day of the New Year. The euphoria of it all is enough to make H. L. Mencken marvel. In reality, no [...]
The January Effect and The Fiscal Cliff

The year-end for 2012 has some unusual issues for stock market investors, especially those relating to the uncertainty regarding the fiscal cliff. The fiscal cliff is not an event that will cause the economy to implode (although it is doing quite nicely without any outside help). It is an event that can have profound effects [...]
You Haven’t Made Any Money In The Stock Market This Century
The new year is almost here. With it comes all kinds of resolutions to improve behavior, habits and results. For investors, it is a reasonable time to review performance. Did you do well this last year? Did you lose money? How might you have improved your performance? These questions are natural. What is not natural [...]