The Fog of Katrina
The task of calculating the enormous damage from Katrina – in Human lives, in property damage, and in economic terms – continues. As...
Chart of the Week: U Michigan Sentiment Index Gives Market Warning
"Such steep and widespread declines in confidence have typically triggered recessions," though a recession is not...
The difference between being rich and being wealthy
I thought this was an interesting quote, via a reader of John Succo at Minyanville. "In my mind, there is a difference between being...
Quote of the Day
Check it out: "We do not view this survey as a useful indicator of consumer behavior or the economy. The index was likely weighed...
Why We Love Jeff Matthews
One of the very hardest things about investing is wrapping your head around the concept that you really do not know what is going to...
Sometimes, There is No Pony
Wall Street has been sifting through the horrific reports out of the Gulf of Mexico. Their rose-colored glasses allowed them to see...
Delayed Onset: Some Historical Comparisons
I wanted to address some of the historical comparos as to why the market has been moving higher, despite what is obviosuly (at least to...
The Disconnect and Economic Classes
The aggregate headline economic data shows things are not all that bad, and the recovery is proceeding modestly along — why then,...
DJIA 1966 – 1982
The previous chart reveals the long standing secular moves of the markets; What’s an investor to do during one of the long periods...