Like most promises made before an election, the promise of an economic recovery is beginning to look like a false promise. Last fall, the housing market was showing signs of…
Don’t Worry, Be Happy
“In your life expect some trouble But when you worry You make it double Don’t worry, be happy…” …
The Yin-Yang Economy
Last week, with sequestration pending, President Obama and others warned of airplanes falling from the sky, tainted meat being served and schools being closed because of teacher layoffs. The budget…
Flow Reversal
In another reversal of fortune, equity funds reported an outflow of more than $4 billion this week, the largest this year. Commodity funds, meanwhile, saw an outflow of $3.2 billion,…
Investors Are Back … So Expect a Correction
Individual investors are moving in. And the smart money is moving out. With the Dow Jones Industrial Average pushing past 14,000, individual investors jumped back into the stock market, it…
It’s A Correction for Nasdaq, Russell Indexes
Stock markets have become increasingly bearish since the election. With the fiscal cliff approaching, and little confidence that Democrats and Republicans will agree on a solution to avoid it, the…
WOW! Manufacturing Index Up 0.2%!
“Been down so long, it looks like up to me.” Furry Lewis This is what passes as positive economic news these days: The Institute for Supply Management’s (ISM) reported Thursday…
The End of the Road
The problem with kicking the can down the road is that sooner or later, the road ends. Evidence of this can be found in recent stock market performance. Quantitative easing…
The Truth about High-Frequency Trading
We’ve been critical before about high-frequency trading. While regulation sometimes makes matters worse, it’s encouraging that he U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing this…
Stock Rally Built On Wishful Thinking
“This is the most disrespected rally I’ve ever seen.” John Buckingham, Al Frank Asset Management Stock prices have rallied and are closing in on their highest level in five years. …