90 Million Emotions Wreak Havoc
With the market in a correction and off 10% this quarter, emotions are running high. I want you to take a minute this weekend...
Bear Market In Cyclical Stocks
The bull market in cyclical stocks that began in March of last year is officially over. The YRPI Early Cyclical Index is down 23%...
The Most Important Takeaway from the BP Oil Spill
The oil spill in the gulf is an economic and environmental catastrophe. BP made some serious missteps that have cost the company and gulf...
5 Energy Market Insights
The 2010 edition of the BP Statistical review of World energy came out this month. BP’s Statistical review has been published for 59 years....
Dow Industrials vs. Gold
In the last 115 years there have been three secular bull markets in gold versus the Dow. The current secular bull market in gold...
Are Small-Cap Stocks Running Out of Steam?
Is the strength in small-cap stocks running out of steam? I’m not talking about the recent correction in small stocks, but rather the relative...
Muni Debt Trap
You know how hard it is to be retired on a fixed income these days, especially with a risk-free rate (three-month T-bills) at less...
Housing Starts Look Weak
Housing starts released today came in far below consensus estimates. Government efforts to stimulate the housing market have once again failed. The federal tax...
A Troubling Trio of Economic Indicators
In over four decades in the investment business, I have found that the most reliable economic indicators are not those released by government statistical...
Simple Arithmetic Vital to Your Investment Success
My arithmetic of portfolio losses chart shows the return necessary to break even after incurring a loss. The horizontal axis shows the assumed portfolio...