Monthly Archives: April 2014

“Plus ca change, plus c’est la meme chose”

There is nothing new under the sun –Ecclesiastes, 1-4 I am reiterating my call earlier this year for a top in the stock market. So far, The closing high on the Dow Jones Industrial Average occurred on December 31, 2013. I believe … Continue reading

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The Betrayal of Conventional Wisdom

I was just tryin’ to make the right mistake… —Robbie Robertson Wall Street suits, with no skin in the game, find it convenient to blithely project outcomes in the economy based on what “ought” to happen. “It’s time for capex,” my broker says. “…We think … Continue reading

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