2013 markets were full of bull. The economy continued to sputter along, growing at about 2%, unemployment remained high and corporate profits were mediocre. Yet the S&P 500 index rose…
Why Gold Soared
Gold prices are no longer setting records. Special parties are no longer being held where people can sell their gold jewelry at spectacular prices. The Midas touch for gold has…
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…
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…
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…
Signs Of A Market Breakout
While nothing is ever certain until it happens, the stock market appears to be ready for a major breakout from its recent short-term trading range. If the S&P 500 closes…
Fewer Small Investors: What It Means
In our last post, we made the point that small investors are having a smaller impact on the stock market. So what does it all mean? For one thing, it…
Small Investors Making Smaller Impact
Small investors get no respect. When they’re leaving the market, it usually means the market is heading up. When they’re investing in the market, it usually means the market is…