The Big Picture

Another retailer bites the dust: In a widely anticipated move, Tower Records is said to be on the verge of filing for bankruptcy today....

Uh oh: a breathless business magazine cover, extolling the virtues of technology stocks, after a 57% rise? This is “Not a good...

Here’s a little tidbit worth noting: Pfizer (PFE) made a new 52 week high today, touching $38.45. Meanwhile, Microsoft (MSFT) slid...

While the big news on the music front last week was the Gabriel/Eno announcement, their celebrity may have overshadowed two other...

Finally watched the TiVo’d Louis Rukeyser’s Wall Street from a few weeks ago with former J.P. Morgan Equity Strategist Doug...

Dorsey Wright Associates has an interesting observation regarding the magazine indicator and the Donald: “Donald Trump may well be...

Last week revealed two of the sillier aspects of Wall Street’s expectations game: the obsession with parsing words and torturing data....

Money Supply has been one of the components of the massive stimulus this market has enjoyed. We see that since peaking in the 3rd Q 2003,...

Do a Google search for contrary indicators; We’re the top 4 results of about 301,000 hits. Incredible!

click for full size chart Source: NYT A perfect example of why expectations matter, and what happens when they get ahead of themselves....