The Reality Trade
The FOMC's bias shift offers little support to a market over-extended on rate-cut expectations.
The FOMC's bias shift offers little support to a market over-extended on rate-cut expectations.
We didn't meet one bull on Wall Street last week, yet equity values are attractive and deflationary pressures are under control.
Understanding the macroeconomic impacts of 911 -- real and imagined, economic and political.
Both risk and risk-aversion continue to run high, and even Alan Greenspan is silent as an anemic recovery muddles on.
It's now a game of life and death in techland. For most portfolio managers, what counts is picking the best survivors.
The pressure driving up long Treasuries is abating -- but so far there's no pressure for them to come back down.
Learning about what hopefully is 2002's bottom by looking at 2000's top.
Our anemic "techless recovery" is perfectly reflected in corporate earnings.
The high-tech investment meltdown shows little sign of easing, with risk premiums remaining at prohibitive levels.
By Monday we could be in the longest bear market in history -- and it was all caused by one man.