Earnings recovery is solidly in place, but stocks will have to adapt to a new era of fair valuation.
Donald L. Luskin
New Dynamics for Equities
Monday, August 4, 2003
A Phase-Shift in Valuation
Monday, July 28, 2003
Stocks and bonds have worked together to collapse the equity risk premium.
Bernanke to the Rescue?
Wednesday, July 23, 2003
Bernanke's homage to deflation-fighting will provide only short-term comfort to battered bond bulls.
Flies in the Ointment
Friday, July 18, 2003
The growth case is compelling, but the markets are pausing to consider the risks.
The Whiff of Animal Spirits
Thursday, July 10, 2003
The resurgence of restructuring activity is the precursor of economic expansion.
Microsoft's Options Reboot
Wednesday, July 9, 2003
Ending option grants could be the prelude to paying out Microsoft's $46 billion hoard.
How Much Will These Free Options Cost?
Wednesday, June 25, 2003
Unworried about inflation, the Fed's trying to gun the economy.
Four Pillars of Wisdom
Friday, June 20, 2003
Valuation, monetary policy and tax policy are all in bull-mode. But there's a fourth factor.
Mankiw Very Much
Friday, June 13, 2003
Dr. Mankiw looks like he'll be a valuable pro-growth member of the Bush team.
Aftermath of a Tax Cut Miracle
Tuesday, May 27, 2003
After the dangerous journey to achieving an historic tax cut, can the market let itself enjoy the good news?