Cannon to the right of them, cannon to the left of them -- Cisco's report won't be enough to save tech's earnings season.

The best reasons for the current era of high equity valuations aren't very good.

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.

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.

Reflationary impulses are taking hold, reducing risk aversion and brightening prospects for continued recovery. But is the news good enough for US equities?

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.

Cut through all the statistical noise, and first quarter growth looks nothing like the advertised boom.

The regulators and the Fed nearly killed WorldCom -- now they may have to try to save it.

The media's consternation over the dollar and gold is off the mark. These are the best indications yet that the Fed's deflationary siege is finally over.

The equity market has finally returned to a normal level of earnings-based valuation... but what's normal? And will the earnings be there?