Beware of Naive Contrarianism
Of all the names I have been called over the years — and there have been plenty — “Contrarian” is the one I am...
Morning stuff
The July Trade Deficit totaled $32b, almost $5b more than expected and is up from an upwardly revised $27.5b in June. It’s the...
Dumb Analysis of the Day: Bank Profits May Drop on Regulations
This has to be the single dumbest thing I have read in months: Investment Bank Profits May Drop on Regulations, JPMorgan Says. (Note: I...
Questions For Us All
Good Evening: Despite some mid day misgivings, U.S. stocks rose a fourth straight day on Wednesday. Mirroring the back and forth nature...
Depression versus Recession?
Despite most of the economics profession declaring the recession over — I think they are premature — I got into an...
Dan Pink on Incentives & Rewards
Career analyst Dan Pink examines the puzzle of motivation, starting with a fact that social scientists know but most managers...
New Highs in Nasdaq, S&P
Those people who made the call that the highs were in for the year will be disappointed in today’s closing data: U.S. stocks closed...
The New Auto Industry Breakdown
Nice Mint chart, via Jess Backman of WallStats: > click for 3X larger graphic
Fed’s Beige Book
The Beige Book describes economic activity as stabilizing and an uptick from the July report that called ‘economic weakness...
Seasonality: S&P500 Return by Month
Since it is now September, let’s take a classic look at the seasonality of market returns. > click for larger chart Courtesy of...