Stock Prices and the Fundamentals: Don’t be Fooled

As stock prices made new highs this week, a frequent media theme was that this was happening — drum roll!!!! —-   in spite of the fundamentals. If you listened to the accompanying discussion, you eventually learned what was meant by "fundamentals."  For many observers it is some kind of unquantifiable headline risk.  As long as […]

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Nature Abhors a Vacuum — and so do Financial Journalists!

In most aspects of life, gaining information is helpful.  Smart people learn how to learn, and use the skill in everyday life. There is a cruel twist of fate: When it comes to investing, a little knowledge can be a very dangerous thing! If you read the headlines, you are assured of being at least […]

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Want to make money? Take off your ideological blinders!

Suppose that your objective is to find good investments.  You start by looking at the most popular sources, and what do you find? Most of the comments have a strong viewpoint — either political or ideological.  This has an effect on the writers, since stimulating page views drives advertising, measures of popularity (which are confused […]

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Understanding the Jobs Debate

Last week’s terrible employment situation report has focused attention on jobs.  It is a main topic for the GOP candidates as well as tomorrow’s Presidential speech to a Joint Session of Congress. Understanding this national policy debate requires a knowledge of the facts.  Sadly, many of those engaged in making proposals do not understand the […]

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