Are you putting election results into your investment thinking? Betting markets provide excellent insights that are better than polls and pundits. Here’s my experience… Many years ago, I read (I believe in The Wall Street Journal) about betting’s accuracy in making election predictions. It turns out that, once again, watching what people are doing... »
“The PC Is Dead!” screams Barron’s, with an RIP headstone on the cover, adding: “As the PC era wanes, Dell and HP will fade from view.” “Already, tech investors, long accustomed to a lift from Windows, are primed for disappointment.” Talk about a premature announcement of death. In only a few days, we will... »
Recent articles note that the stock market is nearing its all-time high. So how should we view this news? Is a new all-time high important information, or is it just a media tidbit, similar to the Dow Jones Industrial Average (DJIA) crossing some seemingly important value like 10,000? Here’s why the new high matters…... »
Alcoa may have beat analysts’ estimates, but forecasters say it’s not a sign of good things to come. Instead, they have hoisted warning flags throughout Wall Street. Earnings reports will disappoint, they say, and managements will give forecasts of weak growth ahead. The implication is that stocks, likewise, will weaken due to poorer than... »
Rare is a contrarian play on the eve of a major development. Yet that is what is happening in this stock market. Investors, seemingly tired of waiting, are abandoning boring Microsoft (MSFT), underperforming Intel (INTC) and disappointing Dell (DELL). All three stocks are well below their recent highs, and Intel and Dell are even... »
