-
Recent Posts
Recent Comments
Archives
- October 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
Categories
Meta
Category Archives: Uncategorized
Q2 Earnings: Good Enough
The second quarter S&P 500 bottom-up EPS estimate is around $27.00 and should creep higher during the rest of earnings season. This is consistent with strategists’ full-year 2013 estimates of $108-110. Results are not great but good enough for stocks … Continue reading
The China Syndrome: Will GDP Growth Top 5%?
Two months ago I attended a dinner of Wall Streeters at a proper club in midtown Manhattan; it called to mind the locker room scene in the movie Wall Street where Gordon Gekko wisely opines, “That’s the thing you gotta … Continue reading
Posted in Uncategorized
Tagged China forecasts, China GDP, China's economic slowdown
Leave a comment
Regime Change: What the Bond / Gold Rout Means for Stocks
For well over a year I have been bullish on stocks, arguing it made little sense to own a bond yielding 2% instead of well-managed blue chip stocks yielding 2-5% with dividend growth of 5-12%. If all went well, I … Continue reading
Digitization: Are Universities the Next Newspapers?
Back in the 1990s I used to write thematic investing reports on winners and losers from the advent of the Internet. One day I had a minor epiphany. Why, I wondered, would anyone pay to place in the local newspaper … Continue reading
Posted in Uncategorized
Tagged college costs, newspapers, online education, universities
Leave a comment
ObamaCare is Hurting Hiring
On its website the law firm Littler Mendelson proclaims, “With over 55 offices in major metropolitan areas nationwide, more than 950 Littler attorneys provide the firm’s clients with representation and daily advice concerning dozens of different areas of labor and employment … Continue reading
Posted in Uncategorized
Tagged employment growth, Fed tapering, O'Poverty, Obamacare, small business hiring
Leave a comment
Create Your Own Conglomerate
Short-take: Index funds are inexpensive but they are riskier than they appear, and individuals tend to dump them during panics because they don’t know what they own. Superior after-tax returns are achieved by working with an investment advisor to create … Continue reading
Posted in Uncategorized
Tagged after-tax returns, index funds, investment advisors, media and investing, stock market
Leave a comment
Diversity Perversity at Princeton
My alma mater is a fine institution committed to educational excellence. Which makes it all the weirder that Princeton cannot recognize its own deep and debilitating liberal bias, rendering it about as intellectually diverse as North Korea. The latest issue … Continue reading
Note from the Northwest
If you wonder what the U.S. would look like if Obama had his way, go to Portland Oregon. It’s a great place to live if you have a trust fund or a government job, but good luck if you’re unemployed … Continue reading
Posted in Uncategorized
Tagged Pike Place Market, Portland, Seattle, tax rates, unemployment
Leave a comment
Liquidity Over Corporate Results? Climbing the FT’s Wall of Worry
The folks at the Financial Times are trying to make sense of the U.S. stock market rally, which, it is fair to say, has surprised them. Here is their take and my brief response: The state of the world economy … Continue reading
The Furies, Then and Now
In April 1590 Henry IV of Navarre, the Protestant heir presumptive to the French crown, led his army of 20,000 to the outskirts of Paris and laid siege to the Catholic city of 220,000. Grain inventories amounted to only a … Continue reading
Posted in Uncategorized
Leave a comment