Bull markets don't start and end in a two-week period, which seems to be everyone's expectation these days. They are much slower and more gradual, and there is plenty of time to join in the fun. |
It gives a chance for kids to see more aspects of literacy if we do it in a week. |
It's hard for me to get excited about a cyclical recovery when I personally think that the risks of a double-dip recession are increasing. If anything, the fact that tech is outperforming underscores my notion that the U.S. market is still highly speculative. |
Now the overwhelming fear among portfolio managers is being left behind. |
Our indicators are not even close to suggesting such lofty returns. |
People are paying Bentley prices for Volkswagens and Volkswagen prices for Bentleys. As in the bubble, people ignore the fundamentals. |
The equity analysts that follow these companies are assuming that the commodity prices we're seeing are attributable to strength in the global economy. What we don't know is how much. |
The opposite of I love you is not I hate you. It's I don't care. |
There's nothing wrong with what the Fed is doing. The problem is that when you ease like that in a speculative environment, all that capital gets misallocated. |
We find very little improvement. There really hasn't been much balance sheet repair at all. |
We still question how the SEC can allow such non-GAAP reporting practices to continue given that the entire purpose of GAAP reporting is to increase corporate transparency. |