Author Archive
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Apr 28, 2025We've been getting ambiguous signals on the economy. -
Apr 14, 2025The forward price-earnings (P/E) multiple has limited value during normal times. And the metric arguably has even less value during periods of elevated uncertainty. -
Apr 7, 2025If you think you know where things are headed, you're almost certainly wrong. -
Apr 1, 2025You need a "cowboy" account -
Mar 25, 2025Is me -
Mar 17, 2025Markets don't care much about the present, they discount the future. -
Mar 4, 2025When the stock market falls more than 1% in a day or a couple percentage points over a couple of days, I always get the feeling that it’s the beginning of a much... -
Feb 18, 2025Ceteris paribus
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Feb 10, 2025And that will matter for stock prices -
Jan 22, 2025Some of the things that have people on edge don't mean much. -
Jan 13, 2025Things have cooled from the COVID recovery highs but are just back to normal levels. -
Jan 6, 2025What matters are developments in the real economy. -
Jan 2, 2025But keep in mind that 'usually' does not mean 'always'.
