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Article Archive | Page 4769

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If Only...

Jan 17, 2003 at 00:00

A gallant effort to resurrect the bull market was hit this week by myriad problems economic, financial, and geopolitical. For the week, the Dow dipped 2% and the S&P500 declined…

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Bear-Market Rally Autopsy 2

Jan 17, 2003 at 00:00

Life for stock and options speculators in the belly of this supercycle Great Bear market is definitely an interesting and exciting experience. Bear-market trading is no-nonsense in-your-face hardcore speculation to…

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The Perils Of Success

Jan 16, 2003 at 00:00

Last month, Alan Greenspan spoke to the N.Y. Economic Club and sounded, for a while, like his old self. "Although the gold standard could hardly be portrayed as having…

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U S Fiscal Policy May Lower The Dollar

Jan 15, 2003 at 00:00

Last week I wrote about the dubious argument that the dollar needs to be weak because it is fundamentally over-valued. This does not of course mean that the dollar won't…

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The Monthly Payment Economy

Jan 15, 2003 at 00:00

(UNEDITED) The US economy is based on monthly payments. Today's consumers focus on what the monthly payment is and not the total price paid. While there is not any hard…

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The Transformation of Benjamin Strong

Jan 10, 2003 at 00:00

It was generally another positive week for the financial markets. For the week, the Dow and S&P500 gained 2%, while the Transports, Utilities, and Morgan Stanley Consumer indices added 1%.…

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Dividend Valuation Waves

Jan 10, 2003 at 00:00

Woohoo! Our imperial President has dragged himself away from the dangerous game of waging endless foreign wars long enough to throw hardworking Americans a token sop in the form of…

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Is the Dollar Being Libelled?

Jan 08, 2003 at 00:00

It's almost unanimous that the dollar is over-valued. The strength of the conviction is matched by the weakness of the argument. The argument is based on the current account deficit,…

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Can Businesses Shoulder The Economy?

Jan 08, 2003 at 00:00

(UNEDITED) Wall Street strategists are systematically forecasting a strengthening economy for 2003. The party line calls for business spending to pick up while the consumer takes a back seat after…