The "don't fight the Fed" and "super-V superbull" crowds are capitulating -- and that's an opportunity for the rest of us.
Donald L. Luskin
Tuesday, June 25, 2002
Earth to Techstocks: "Your 15 Minutes Are Up"
Wednesday, June 19, 2002
Oracle beats, but the tech sector will still get beat up. The focus of economic recovery is elsewhere.
Normal Valuation: Where Do We Go from Here?
Tuesday, June 11, 2002
The overall market is normally valued for the first time in 5-1/2 years and earnings recovery is at hand -- what are the risks?
Intel: No News is Big News
Friday, June 7, 2002
Intel's blockbuster guidance revision shouldn't have been a surprise -- but it may signal the beginning of the end for whacky techstock valuations.
Return to Normalcy?
Tuesday, June 4, 2002
The equity market has finally returned to a normal level of earnings-based valuation... but what's normal? And will the earnings be there?
WorldCom: Is There Life after Death?
Thursday, May 30, 2002
The regulators and the Fed nearly killed WorldCom -- now they may have to try to save it.
Where Options Belong
Wednesday, May 29, 2002
The current push to "expense" stock options is economically wrong. The right solution is to put them on the company's balance sheet.
Semiconductors: Down By Law
Wednesday, May 22, 2002
Chips aren't just commodities, and it's going to take a lot more than deflation-relief to get the semiconductor industry over the problems created by Moore's Law.
Stock Options Expense: The Big Truth
Wednesday, May 15, 2002
Investors are insisting that options expense be included in income statements -- but they'll be shocked when they learn how big these expenses really are.
Debating the Valuation Conundrum
Monday, May 13, 2002
David Gitlitz doesn't agree that equity valuations got too high in the late 1990s -- but he and Luskin both think they're too high now.