Monthly Archives: January 2018

One word for stock valuations as we enter 2018: breathtaking

Stock bulls insist valuations aren’t definitive of durable investment returns. History does not agree.  This chart of stock valuations cycles back to 1900, showing present levels in the rare and fleeting company (red zone) of just October 1929 and March … Continue reading

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Source of funds define the depth of mean reversion

It is typical of long bull markets, that holders fall in love with their holdings and consider capital gains as money in the bank (without actually cashing out and putting cash profits in the bank).  Why would anyone sell rising … Continue reading

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A brand new year of financially destructive decisions in 2018

And so another year begins with great potential and the same destructive financial management far and wide, as  politicians, bankers and big corps continue to strip mine the real economy and social fabric everywhere.  We can’t expect a better result, … Continue reading

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