Time to Bet Against the U.S. Consumer?
For at least the past decade, anyone who has bet against the resiliency and unending spending capacity of the U.S. consumer has decidedly...
Earnings or Multiple Expansion?
There’s a fascinating analysis (in Barron’s), looking at S&P500 earnings in a very different way than our prior...
End of the World as a Profit Opportunity
Amusing though this is, its the appropriate attitude for Investors and Traders; Indeed, its precisely what colors our prior VIX...
NYT Overstates Prediction Markets Efficacy
The NYT David Leonhardt overstates the case for Prediction Markets in Monday’s paper: "A kind of futures exchange where...
Real Estate’s Wall of Worry
One of the odder aspects of the so-called housing bubble phenomenon is how so many pundits have been so self-confident in their...
Will September be the Cruelest Month?
click for larger chart >Today’s WSJ has some comments on everyone’s favorite month: Ah, autumn: The evenings turn cooler,...
Is Oil a bubble?
This weekend, we are in Chicago for a family event. After dinner (over Kir Royals), we discuss the economy, tax cuts and Oil. The subject...
Chart of the Week: Housing Inventory
The NYT reported yesterday that "the number of homes for sale on Long Island and in Queens in June was 22 percent higher this year...
Unacceptable Corporate and Market (NASDAQ) Behavior
My jaw dropped on the way into work this morning as I was reading an article by Gretchen Morgenson in the NYT: For the 25 years that Tad...
Fed and Markets
I rarely find anything to disagree about with Gary B. Smith (Chartman for Bulls & Bears, and columnist on RealMoney) — so...