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stock market

Stock Market Today

Big Rally Hard to improve on this assessment by Jake Dollarhide, chief executive of Longbow Asset Management: When you have zero percent inflation, zero percent interest rates, zero percent money markets rates, and when you have metals and gold that have skyrocketed to astronomical levels, stocks look pretty good in comparison.” —The NY Times (11/9/09)...
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New Bubble, Same as the Old Bubble?

Be Careful What You Wish For Recession-Plagued Nation Demands New Bubble to Invest In—headline, The Onion (7/14/2008) Like many readers, I’m delighted that my decimated (and much too modest) stock portfolio is showing signs of recovery. On the other hand, I’m leery that the gains are for real. As I see it, first came the...
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Bernie Madoff & the Path to Recovery

Stock Buyers Strike . . . For Good ReasonWhen will the stock market finally bottom?Here’s a thought: it won’t be when P/E ratio’s hit some magic level, or market cap’s (capitalization’s) become tantalizingly low, or even when the housing market finally stops falling. It will be when Bernie Madoff is in prison, and he and...
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Foreclosure "Wipeout’s" Skew Housing Market Stat’s

Where: 328 Burntside Drive, Golden ValleyWhat: 6 BR/5 BA; 4,407 FSFHow much: $369,900Last sale: $899,000 (3/8/07)Tax assessed value: $757,700 Just like not all stocks have dropped equally in a market now down more than 50%, not all homes or neighborhoods have suffered equally. In fact, one of the reasons why the Twin Cities overall is...
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Speaking of ’97 . . .

Stocks at 12 Year Lows4/11/97: S&P 500 = 7432/23/09: S&P 500 = 743 If somehow you decided in 1997 that stocks were just too expensive and have resolutely remained on the sidelines ever since . . . you now have another buying opportunity (assuming you have the money and the stomach). After today’s 3.4% plunge,...
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