Best Buy (BBY), a leader in 2013’s market, captures the hopes and fears currently in this stock market. On the one hand, it is a shining example of potential company success (and stock gains) possible in a slow growth economy. On the other hand, the stock’s almost 3-fold rise in ten months serves as an example of speculative excess. So, which view is correct?
This article is published on Forbes.com
Yes, the market’s up, but that’s not the important news. Rather, it’s how the move is constructed. Instead of this year’s leaders, there’s been a shift to the laggards. Here’s why this one-day’s market move is noteworthy…
This article is published on Forbes.com
It looks like 2013’s happy stock market could take a tumble. The steady, upward drumbeat of the bulls fell on deaf ears this week, with “frothy” and “bubble” descriptions taking front and center. A good example is this weekend’s article in The Wall Street Journal: “Warning Signs Flash as Stock Market Soars to Record — Some Analysts See a Replay of the Go-Go Market of the Late 1990s,” complete with scary graphs and quotes. Summarizing, “Rising stocks usually create smiles on Wall Street, but these gains are also making some nervous.”
What on earth has happened? And what should we do?
This article is published on SeekingAlpha.com
In “Stocks At Mesmerizing Point, So Consider A Little Selling,” I described hearing the little voice whispering a cautionary counsel — that stock performance was affecting stock rationale. Then, doing this weekend’s reading, I see some big voices shouting ominous warnings of speculative fever and a frothy market. So, which voice should we listen to? Or should ignore both and continue on with the expectation of more uptrend?
My preference is for that little voice and here’s why…
This article is published on Forbes.com
One lesson I learned from my 30 years in Wall Street is that even investment professionals can act like novice investors given the right circumstances. Skill and experience don’t always protect us from Mr. Market’s crafty ways. Today’s market and my experience is a case in point.
Here’s why I began to have doubts, what my analysis showed and the actions I subsequently took…
This article is published on Forbes.com
It seems that whenever something happens in the housing market, a flock of articles pop up explaining why the signs are ominous and housing is destined to flounder. To me, the oddest one has to do with existing home sales this year. Prices have risen, and the inventory of homes for sale has fallen. This happy concurrence has been met with tsk-tsking that both changes will harm the recovery. Here are the reasons these are positive developments and signs of good things to come…
This article is published on Forbes.com
An influx of data and observations is reshaping housing’s activity from its hopeful look to something more exciting. The positive developments are so widespread and significant that it seems time to shift from being positive to being bullish on housing. Below are the items I find most compelling:
This article is published on Forbes.com
The Wall Street Journal placed a large, misleading graph on page 1 last Thursday (Oct 16). In “Congress Strikes a Debt Deal,” the graph highlighted the 20-year, fourfold increase in U.S. government debt and the historically large growth over the past four years. While the numbers are correct, the WSJ’s presentation is not. Here’s what’s wrong and how the interpretation changes when the data are viewed appropriately.
This article is published on Forbes.com
