The Most Important Stat: Bloggers versus Experts

Market pundits always try to explain modest changes in the broad averages.  Today their stories are all wrong. Today, the most important statistic came from Jack Hough at Smart Money The Story Hough did a piece on the credibility of government statistics.  It is a nice job compared to most prior discussions.  He provides a […]

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Forecasting the Jobs Report

MarketWatch tells us that today's selling was concern about the labor market and the resulting economic contribution of consumers. We sympathize with journalists who need a daily lead to explain modest market moves.  We are amazed that market participants suddenly started to worry about Friday's jobless report. "Forecasting" the Employment Report Here at "A Dash"  […]

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Investment Implications of the GM Bankruptcy

The GM news is a big business story, the largest industrial bankruptcy in history. Is it a big investment story? We encourage investors to be politically agnostic, to distinguish between interesting political stories and their own investment decisions.  We acknowledge, with thanks, the comments from Abnormal Returns on this distinction, as well as reader emails. […]

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