According to The Wall Street Journal, “A combination of mergers, fewer U.S. IPOs, lower listing costs abroad and a shift in how investors and stockbrokers do their jobs has driven…
IPOs Making A Comeback – For Large Companies
Judging by the LinkedIn IPO, “going public” may be fashionable again. Investors lucky enough to own LinkedIn shares (i.e., employees and a small number of wealthy, well-connected investors) saw their…
Steroids Running Out For Stock Market
Lackluster economic performance, continuing concern about debt in both Europe and the U.S., and other factors have been pushing the stock market down in recent weeks. Another factor receiving less…
Day Traders Returning
The Wall Street Journal recently noted that day traders are returning to the market. When speculative traders start betting on the market, it’s typically a sign of trouble ahead. Their…
Pick One: High Risk or Low Returns
Here’s your choice: Take on lots of risk and hope for the best or watch your standard of living erode. The stock market has been soaring, thanks to the Federal…
The Myth of Market Efficiency
“Belief in myths allows the comfort of opinion without the discomfort of thought.” – John F. Kennedy The current stock market is exposing the myth of market efficiency. The myth says…
“Buy and Hold” Is NOT “Still A Winner”
Investors are being advised by Princeton Professor Burton G. Malkiel (“ ‘Buy and Hold’ Is Still A Winner”) to hang in there, even when the market drops 60% of its…
When Good News Is Bad News
Sometimes investment managers live in Bizzaro world, the place in the old Superman comics where everything is the opposite of what logic would dictate. A case in point is the…
Are You Ready For Another “Flash Crash?”
Investors have plenty of reasons to be skittish. The “flash crash” in May demonstrated that the stock market doesn’t always behave the way it’s supposed to. Human error, deliberate manipulation…
Payrolls Up Just In Time For Labor Day Weekend
The stock market was given another boost by better-than-expected economic data today, with an August jump of 67,000 jobs in the private sector. Overall, non-farm payrolls declined by 54,000, but that…