Did the Fed Just Signal QE3?
Are you ready for another round of reckless money printing from the most activist Federal Reserve in U.S. history? Last week, the doves (easy...
A Truly Terrifying Chart
The chart below is the spread between French and German government bonds. Equity markets have rallied on hopes that an American-styleshock and awe bailout...
3 Reasons Dividends Trump Buybacks
In September, Warren Buffett announced that the Berkshire Hathaway board authorized a multibillion-dollar share-buyback program. Berkshire shares soared as much as 12% on the...
Rollover that 401k
My first job after Babson College was with Fidelity Investments. I worked at Fidelity Institutional Retirement Services Company (FIRSCO). It managed the 401(k)s of...
Twisted Risk to Savers, Pensions, and Annuities
The Federal Reserve has left savers, pensions, and annuities twisting in the wind. Buying long-term Treasuries has resulted in the 10-year bond yielding less...
Coping with Manic Markets
The S&P 500 leapt higher by 3.4% today on yet another plan-to-make-a-plan out of Europe and on news that the Chinese government will boost...
Diverging Performance
The S&P 500 hit a cyclical bull market high on April 29 of this year. During a volatile session on Tuesday, the index dipped...
Welcome to the Bear Market
On a closing basis, the S&P 500 hasn’t dropped the necessary 20% to be considered an official bear market, but for all intents and...
Have Stocks Bottomed?
After busting through its previous support level of 1,200, the S&P 500 dropped to an intraday low of 1,100 in early August. As we...
Pay Risk for Pensions and Annuities
High interest rates are not the problem with the real-estate market. Anyone who bought a house in the ’70s or ’80s can attest to...