As we’ve previously noted, records are meaningless. Still, we’d rather be living through the longest bull market in history than the longest bear market — and that seems to be…
Communist Country Outdoing U.S. in IPOs
When a communist country is having more and bigger initial public offerings (IPOs) than the United States, something is wrong. Last month we wrote that IPOs are showing signs of…
An IPO Revival?
The initial public offering, or IPO, may not be approaching extinction after all. Renaissance Capital called the first quarter of 2018 “the biggest quarter in a decade.” And that was…
China Syndrome
Back in the nuclear-fueled ’70s, “China syndrome” was a theory that the world would end with a meltdown from a nuclear reactor tunneling its way through to the other side…
Correction No Reason to Panic
“Correction” is one of those euphemisms Wall Street likes to use that would be funny if it weren’t so painful. According to CNBC, a correction is “a decline or downward…
Fed’s Inflation Focus Hurting Average Americans
While we’ve written in the past about the perils of deflation, we’ve also noted that the Federal Reserve Board’s target of 2% inflation is random and dangerous, as the Fed…
High-Frequency Headache
Previous posts this week shared concerns from John Mauldin of Mauldin Economics about exchange-traded products and high-yield bonds. Mauldin also called out high-frequency traders, who did nothing to keep the market from dropping…
Market Drop Was No Big Deal
The stock market has been setting records for years and it set another one last week. This time, though, the record wasn’t for the highest ever Dow Jones Industrial Average.…
The Ghost of Ben Bernanke
“The good news is bad news.” …
The Case for the Bears
Following yesterday’s case for a continuing bull market, here’s a case for the bears from Martin Feldstein, chairman of the Council of Economic Advisors under President Reagan. Feldstein wrote in…