Why haven’t stock prices fallen more? I’ve been asking myself that question every day for weeks and I don’t have a good answer. The US economic data continues to weaken. Europe is still grappling with its debt problems and a Greek default - at a minimum - seems more likely by the day. It seems [...]
Anticipation of the rapture must have gripped Wall Street traders last week. That’s the only explanation I can come up with for the first day trading of LinkedIn. If the world had ended Saturday as expected, surely it wouldn’t matter that Thursday you paid 35 times sales for a company that expects to post a [...]
Guest post from John Chapman, Chief Economist at Hill & Cutler Co., an advisor to Alhambra Investment Management, and a consultant to the George W. Bush Institute on their 4% Project.
“The life of man [is] solitary, poor, nasty, brutish, and short.”
– Thomas Hobbes
“Lenin is said to have declared that the best way to destroy the [...]
It appears the markets are finally waking up to some of the myriad of worries I’ve been scribbling about for the last few months. Commodities have taken a header over the last two weeks on fears about slowing global growth and the impending end of QE II in June. Stocks have held up better, especially [...]
