Category Archives: Main Page

Stocks swirling in Fed’s tornado of reckless endangerment

At 27.6 the Crestmont price to earnings ratio for the S&P 500 is 98% above its historical average (arithmetic mean), putting current stock valuations at the 98th percentile of this 140 years+ series, second only to the tech wreck top … Continue reading →

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After the oil rush: thoughts on secular cycles

Since Canadian oil sands benchmark Western Select Crude (WCS) sells at a discount of 25%+ to West Texas Crude (WTI) (see here), Canada has the distinction of producing the lowest valued oil in the world.  Due to high monetary costs … Continue reading →

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GE backs out of banking while the goin’s still good

Genius is before the fall. Rescued by government loans in the 2008 meltdown, Jeff Immelt is looking to exit the risky operations of GE’s finance arm, before chickens come home… Real-estate investments and lending aren’t an obvious fit with GE’s … Continue reading →

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