This is the bull market that just won’t quit. Just a few weeks ago, when stocks dipped it appeared we were finally getting the correction that we’ve all collectively been expecting for years now. It’s unusual to go this long without a 10 percent correction or a 20 percent drop, which is the typical definition of a bear market. The decline that we just went through was less than four… Read More
I had intended for the subject line to be Bubble, Bubble, Toil and Trouble, but I don’t know Shakespeare very well: it’s ‘double, double, toil and trouble, fire burn and caldron bubble!’ Since I wanted to write about bubbles, I went with the latter half of the statement, which still sounds fairly ominous. The New York Times has a terrific new section, The Upshot, that featured an article yesterday titled,… Read More
During the tech bubble in the late 1990’s, I had the feeling that seeing five years of 20 percent plus returns was a one in a lifetime type event and that was going to be it for me. Looking at the data today, that was a pretty good bet since there have only been a few times when the average return for five years has been greater than 20 percent. … Read More
