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If investors are in any rush to push the S&P 500 (Index: SPX ) above the record-high closing value of 2,930.75 it set back on 20 September 2019, they didn't betray any sign of it during the Good Friday holiday-shortened third week of April 2019, as the index mainly drifted sideways during...
We hope that you had a chance to read our latest Quarterly Letter: Be Your Own Master – The New Retirement . The key to saving enough to retire is in deferring consumption. We have always been more of savers, and working on Wall Street tended to help with deferring cons...
That was an apt description of the sentiment surrounding the early years of the secular bull market that ran between 1982 and 2000. The bears thought they'd put the last nail in its coffin after the Dow Jones Industrials posted a 170% gain in the five years between 1982 and 1987, only to colla...
The Fear Of Missing Out Over the last couple of weeks, we have been discussing the market's advance from the lows and why retesting old highs was quite probable. To wit: "While the bullish bias is definitely behind investors currently, there are concerns relative to the current ris...
What happened last week. What we're watching for next week. April has been an unusually quiet month in the stock market so far, with daily price changes well below their long-term averages, and the volume of trading on the decline. What does it mean and why am I watching it? One poss...
The Federal Reserve has entered a new period of policymaking. Federal Reserve officials have never been in a position like they are now. Going forward, it is going to be “trial and error.” Financial markets and financial institutions are going to have to watch closely and liste...
Introduction A few weeks ago, I wrote that it looked like we had a “mini-recession” in the December-February time frame, in which case we should expect a rebound thereafter. We got data apparently confirming both of those points this morning, contrasting recent weakness with ...
By David Blitzer LIBOR - the London Interbank Offered Rate - is the benchmark for over $300 trillion of loans, derivatives and other financial instruments. LIBOR started in the syndicated loan market of the 1960s; today it is quoted in different currencies and maturities. Following scandal...
Just recently, David Robertson ran an article discussing the deviation which has grown between "fantasy" and "reality" in the investing markets. " The phenomenon of extreme differences is also increasingly appearing in financial numbers, which are the life blood of markets. Andrew Smithers...