Last year's rally barely moved valuations on an after-tax basis, and stocks are still cheap.

A questionable jobs number has given the bond market a questionable reprieve.

The "it" is inflation, and "it" will happen. 1987 deja vu all over again?

For all the fireworks last week, one truth remains: the Fed is too easy.

Kerry's Iowa surprise changes the market's perceptions of electoral risks for the economy.

Is the Fed inevitably facing the constraints of reality?

The Fed takes a step in the direction of sanity -- if only a small one.

Rising rates here won't be bad for stocks, knee-jerk reactions notwithstanding.

Another jobs report, another bad excuse for the Fed's flirtation with disaster.

Equity sectors are being driven by both growth and inflation.