Dec 17, 2020
The “rationalization” that low rates justify high valuations is but one of several arguments used to justify overpaying for assets. While such analysis may provide the “justification” in the short-term, does it produce higher prices over the next decade?
Dec 3, 2020
Vaccine Won’t Cure 20-Year 'Widow-Maker' Trade
Nov 19, 2020
The current market advance has pushed back to more extreme bullish positioning. How long it can last is anyone’s guess. However, remember that markets ebb and flow around long-term moving averages. When markets rise too far above them, “gravity” tends to take over.
Nov 12, 2020
Investors Ignore Evidence at Their Financial Peril
Nov 5, 2020
One of the most recent mantras in the financial media is that housing prices rise because there is an inventory shortage. While it is an excellent headline for “getting clicks,” there are 3 reasons why there really is NO housing shortage.
Sep 3, 2020
Retirees have long counted on being able to retire on their assets and take out 4% each year. However, a little more than 20-years later, the “death of the withdrawal rate” has arrived. What should retirees do now?
Jun 11, 2020
While my projections are a bit more optimistic than the CBO, the shape and duration of the recovery are similar and push out full recovery until 2030.
May 20, 2020
Was the “medicine” applied by the Fed to counteract a “virus” the correct prescription? If the patient ultimately dies, we will have our answer.