When I keep getting lots and lots of spam emails that make the same basic offer, I know one thing’s for sure: A lot of people are falling for it. I don’t see much spam any more telling me that I’ve won the lottery, though I do still get a few that want me to secretly help move a few million from Nigeria into my bank
Diversification: When More is Less The idea that institutional investors are the biggest players in the market is nothing new, but a quote from the Wall Street Journal, recounted by Robert Folsom of Elliott Wave International really caught my eye. “Institutional investing is now largely the business of giants. America’s 100 largest money managers alone now hold 58% of all stocks.” This reminded me of a
This Time Is Different… I have mentioned a looming business slowdown several times in my newsletters this year, because these things are normally very significant for the stock markets. Slowdowns– when they go far enough– become economic recessions. Signs are now everywhere that the economy is in fact… slowing down. Among numerous negatives and indications of a looming recession, the yield curve (the relationship between long
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
Home Sales: Not The Logical World of Supply and Demand Generally speaking, the law of supply and demand dictates that when the supply of a certain item goes up, the price will come down. But not so with houses, it seems. The National Association of Realtors reports many months of rising inventories of home listings, yet prices in most areas are not yet backing off.