One day last week, on CNBC’s Kudlow and Company, Larry gave his expert guest the last word: she justified her optimism for stocks by the fact that consumer spending appears to be trending higher and that “consumer spending is 72% of the economy”. Larry closed the evening’s show by telling her she had it “almost [...]
“The best thing for me would be that ten percent correction” my buddy/client Ron declared to me yesterday morning. As you might imagine, that’s not the typical sentiment among everyday investors. My friend clearly gets it. He understands that a healthy market, like a healthy long-distance runner, has to take that break every now and [...]
In the sci-fi thriller The Terminator, machines become so advanced that they think for themselves, develop a survival instinct, and set out to destroy everything that threatens their existence. The Obama Administration is on the proverbial hot seat over the IRS’s targeting of conservative organizations. The Republicans are having a field-day. All the buzz is [...]
In the fall of 2010, hedge fund manager David Tepper predicted that stocks would gain measurably based on the economy improving and/or the Fed maintaining an ultra-easy monetary policy. Well, he certainly got the stocks gaining part right. Yesterday, he found himself on an early morning CNBC program making a numeric case for the rally [...]
“Would you like a paper receipt or an email?” asked the Dick’s Sporting Goods Store clerk as my wife and I made our purchase yesterday afternoon. We chose email. The experience called to mind the New York Times article I read a couple hours earlier titled Heat Trapping Gas Passes Milestone, Raises Fears. And why [...]
