It was bearish early, but the markets haven’t seen much headway for a while. The final nail in the coffin for a bull market is merger and acquisition activity. The creation of credit and the hedging of risk does not represent a new paradigm, it represents a massive generational top in US stocks. Going forward, […]
Well, I have mixed feelings about this post, as an Australian, and an observer of US markets I know your political culture, well, its proud, so I worry how readers might react to this one.
This is what’s been bothering me, lots of money has been buying stocks at a time when they are not only priced to perfection but are […]
While the DOW has managed to crawl to a new high in nominal terms, the S&P 500 remains well below its record high as does the Nasdaq. If the DOW was a ordinary “market cap” weighted index it would sit at about 80% of its previous high. If we were to measure the index’s and […]
