That New Year's party was fun. But now the markets and the economy are facing a deflationary reality that doesn't have a super-V in it.
Donald L. Luskin
Tuesday, January 22, 2002
Greenspan's Message, and Why It Clocked Stocks
Monday, January 14, 2002
In both text and subtext, Greenspan's message was bad news for equities.
Don't Blame the Long Bond!
Monday, January 7, 2002
The huge gap between bond yields and the "earnings yield" of stocks is all across the curve.
A Little Problem of Reality
Friday, January 4, 2002
The stock market is off with a bang for the new year. Can the real world possibly keep up?
The 1990s Boom-and-Bust: Learning the Wrong Lessons
Monday, December 31, 2001
How can we hope to restore the prosperity of the 1990s when no one understands why it ended?
Don't Believe Everything You Read Over and Over Again
Monday, December 24, 2001
There's a myth out there about the stock market signaling robust recovery. But believing it doesn't make it true.
Thursday, December 20, 2001
Expect volatility: tomorrow all the major indexes rebalance -- so that means that all the major indexers will rebalance, too.
The Yield Gap, Sector by Sector
Wednesday, December 19, 2001
V-mania has afflicted technology stocks -- that's an opportunity both for asset allocators and sector allocators.
Vay Out of Vack -- Even for a "V"
Monday, December 10, 2001
Unless a "V" recovery va-va-va-vooms into earnings and reflation hard and fast, we've got an unbalanced market that favors a shift out of tech stocks and into bonds.
It Could Be Worse... But That Doesn't Mean It'll Get Better
Monday, December 3, 2001
We've rallied back from death's door -- but we're still well within the context of recession.