June 10, 2014 What’s Next in the Series of Investment Bubbles? The Investment View from Prescott, Arizona In 2000, the technology bubble deflated and the stock market began a crash from which some investors have yet to recover. The tech laden Nasdaq** composite Index still needs to gain another 20% to again hit its 2000 highs, and that is after 14 years of being underwater.
Not a Whole Lot of Inflation Going On I get a kick out of the media’s search for a reason for every movement in the stock market Knowing the numbers that are driving the markets like I do, sometimes I wonder what they have been smoking. Last Tuesday’s headline was typical: “Inflation Jitters Hit Stocks“ Most of you know me well enough to know I have
The Pension Muddle Sometimes knowing what is going to happen (or thinking you do) is like getting the booby prize. It’s just not fun. Back in 1998 and 1999 we participated in Y2K information meetings, where the audience could ask questions of the police chief, power company, etc. My part was to address the economic and financial impacts of what was unfolding. Back then, I knew