The Early Bird for Investors — Provides a summary of the best commentary and pertinent news
Holding equities during conditions of poor market internals and high market valuations is not investing – it is speculating. Add to the mix a rapidly rising aversion to risk in bond market then it becomes high risk speculating. The question of the… Read More ›
It’s Not the Economy, Stupid James Carvel is credited with what became the Bill Clinton election campaign’s default motto “It’s the Economy, Stupid” as he went on to defeat George Bush. While his statement was true when it came to… Read More ›
In 1981 total US securities equaled 109% of GDP, today they sit at 417%. Overvalued equities alone account for 209% of GDP. Can this be sustained? I doubt it. The numbers are provided by Doug Noland who has been “Chronicling History’s Greatest… Read More ›