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
Me Thinks They Cheerlead Too Much The stock market has continued to climb for quite a while now. We really have not had a meaningful drop in the market in about 10 months and we are looking a little overdue for one. The market has obviously been boosted by the way Washington and Wall Street are trotting out various spokesmen, from Treasury Secretary Snow to various