What’S in Store For 2004?
It was a great year for investors in 2003. Thanks to lots of liquidity from the Federal Reserve, the war-relief rally that started last March, and the explosive corporate-earnings rally ...
Stick to The Mission, Mr. Greenspan
While it is nice to have direction from the Federal Reserve chairman on monetary policy and other important issues, the ...
Asset-Class Hype
While the equity market continues to hold most of its recent well-deserved rally — based on real and expected improvements ...
Bonds: Do Not Fear
The recent back-up in bond yields, especially in the 10-year U.S. Treasury sector, is both understandable and not scary. Why? ...
Managing The Rally
With the stock market rally of 25 percent for the Nasdaq and 15 percent for the S&P 500 since the first ...
One Step Forward, Two Steps Back
Late last week we learned how straight forward and quickly the New York Stock Exchange (NYSE) board is attempting to address ...
Our Pro-Growth Dollar
The controversy surrounding the somewhat weakened dollar is a shame at this point in the global business cycle. First of all, ...
Corporate Governance Revisited
From audit and accounting scandals with no one taking the blame, to hyped securities on Wall Street with no one taking ...
Long-Term Wealth Creation
At extremes in the fnancial markets, investors and their advisors loose track of how to truly achieve long-term wealth. It is ...
Real Returns
Dividends have been the larger and more stable component of stock market total return through the measurable part of our financial history. That should not come as a surprise to ...