Daily Archives: July 29, 2014

Stock floggers like to talk about how dividend yields are “attractive” today relative to cash and bonds. Except that in their imaginary world, capital risk in equities is always “contained” to fleeting “corrections of 5 to 10%” that always bounce … Continue reading →

Waiting for the inevitable mean reversion of this epic Fed-led speculative episode can feel tedious (if we let it). Seeing familiar false prophets (who have already been revealed as unworthy leaders several times over the past 15 years), paraded like … Continue reading →