Wall Street is a Cult

I have to confess that I struggled with the title of today’s blog post.  Let me begin to tell my story, and if any of you have any suggestions as to a better title, please feel free to leave it in the comments section of the blog. For centuries investors have...

Anecdotal Evidence of a Stock Market Fairly Valued

My regular readers might have noticed that I have not posted about the financial markets much in the last 10 days or so.  My goal is to interpret the mass of news flow out there and deliver to you prescient analysis and commentary on the important news story of the...

In Defense of Research In Motion

Research in Motion (ticker: RIMM) announced that it expects second quarter earnings per share to by between $1.30 and $1.37, rather than between the range $1.47 of $1.55 that it just promised a month ago.  Stock analysts hate this kind of revision and many who follow...

U.S. GDP Growth Slows

U.S. Commerce Department calculations estimate that first quarter U.S. gross domestic product (GDP) growth slowed to 1.8%.  By comparison, fourth quarter GDP growth was 3.1%. Analysis: Clearly this is a disappointing result.  However, let’s review some of what...

Japanese Production Devastated by Tsunami

Japanese government statistics show that March factory production fell a whopping 15.3% from February’s number.  Furthermore, the tsunami led to an 8.5% drop in household spending. Analysis: Each of the above numbers set records for statistical drops in Japan...