Some Crucial Facts about Energy

It is magical! Whatever the topic of current interest, there is no shortage of pundits. The current energy experts were recently (it seems like only yesterday) the leading authorities on the Fed, Europe, Ukraine, Libya, deflation, hyperinflation, stagflation, and of course, Ebola. The current crop of experts confidently talks about an oil glut, the motives […]

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Keeping Investors Scared Witless

Investors, as usual, are bombarded with reasons to sell stocks.  This means that they are Scared Witless (TM OldProf).  Let’s take a deeper look. Short-Term Advice There has been (yet another) sighting of the Hindenburg Omen.  I pointed out the flaws of this approach in 2010.  Those seeking a higher authority might check out Barry […]

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Weighing the Week Ahead: Are Investors Too Complacent?

The upcoming calendar has plenty of data in a holiday-shortened week. There could be OPEC or Black Friday news. In spite of this avalanche of information, I expect commentators to look for an organizing principle. In a week when many will be giving thanks, there will be scrutiny of the new market highs. Many will […]

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Bad Reasons for Avoiding Stocks

There is a broad group of individual investors who are completely out of stocks or significantly under-invested.  Many were paralyzed by fear in the time after 2008.  They have still not returned to investments in stocks. This is a natural and normal reaction to risk.  People fear losses more than they crave gains.  This natural […]

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A Bull Market in Bad Predictions

Why does this happen whenever I try to take a few days off?  The market for dubious predictions has geared up in earnest! While on vacation I was watching the market (but without my customary TIVO), events developed exactly as I predicted.  I warned about signal and noise, the challenge to traders, and the opportunity […]

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