“The stock market remains an exceptionally efficient mechanism for the transfer of wealth from the impatient to the patient.” Warren …
What Does a 500 Point Drop Tell Us About the Future?
The Dow Jones Industrial Average closed down 513 points today, a one-day loss of 4.31%. Interestingly enough, two economic news …
What Does Market Volatility Tell Us About Where Things Might Be Headed?
A client emailed me a question this weekend about what might be around the corner based on the last week’s …
US Debt Downgraded
Not surprisingly, Friday’s after market hours downgrade of the US long-term debt from AAA to AA roiled world markets today. …
Sovereign Debt and the Equity Investor
by Weston Wellington, Director of Research, Dimensional Fund Advisors (DFA) Last week we came across an “Economic and Policy Watch” …
A High Stakes Game of Chicken
“May you live in interesting times.” Chinese Proverb “They will definitely reach a compromise. Don’t worry too much about it.” …
Two Steps Forward, One Step Back
The U.S. and many world market indices were looking at modest gains for the second quarter until they ran headlong …
Japan and the Markets
Yesterday (Tuesday), I woke up to see the Nikkei having closed down 11%, after having fallen 6% the day before. …
Up, Up and Away
Throughout most of 2010, investors had no trouble finding reasons to fret about the future and remain on the sidelines: …