Thank you Brett Arends

Hello everyone, First things first…Jamaica was magnificent. Dawn and I stayed at her parent’s place in Treasure Beach. I highly recommend this area of Jamaica to anyone for its unspoiled beaches, clean water, outstanding weather and sweet people. When I...

Are we ahead of ourselves?

The various stock markets have all rallied massively since their March 9 lows. Some market prognosticators who made similar market bottom calls as I did are now saying that stocks are overvalued and may correct from here. “Correct” means fall back down to...

Journlists are contrarian indicators follow up

You may remember that earlier this Spring I wrote a post about the fact that Brett Arends of the Wall Street Journal was saying investors should be staying away from the stock market. I stated in the post that journalists are one of my favorite contrarian indicators....

Small sign that credit markets are loosening

Over the weekend Warner Chilcott announced that it was buying Proctor and Gamble’s prescription drug business for $3 billion. While the size of the transaction is small the entire amount of the deal is being financed with debt. This is important because Warner...

Senator Kaufman’s call to the SEC

In a rare recent demonstration of legislative impetus toward increased regulatory oversight of markets Senator Kaufman of Delaware has sent a letter to the Securities and Exchange Commission asking them to review all forms of stock-market structure. In particular his...