The stock market is off with a bang for the new year. Can the real world possibly keep up?
How can we hope to restore the prosperity of the 1990s when no one understands why it ended?
There's a myth out there about the stock market signaling robust recovery. But believing it doesn't make it true.
The long bond still presents attractive value in a deflationary environment.
Expect volatility: tomorrow all the major indexes rebalance -- so that means that all the major indexers will rebalance, too.
V-mania has afflicted technology stocks -- that's an opportunity both for asset allocators and sector allocators.
Speculation about a forthcoming anti-deflation policy initiative in Japan continues to mount.
Unless a "V" recovery va-va-va-vooms into earnings and reflation hard and fast, we've got an unbalanced market that favors a shift out of tech stocks and into bonds.
The pounding of the bond market reflects expectations that the Fed will soon switch into a tightening mode. It's more likely that even after tomorrow's funds rate cut, the Fed won't be done.
Some would have us believe recent data suggests that an early recovery is all but assured. It's not.