Mutual Fund Ratings and Past Returns


Why “five star” funds aren’t slam dunk investments.

Household Debt: In Depth


Americans are borrowing more than ever—but that doesn’t mean another financial crisis looms.

Ken Fisher and Jim Cramer to Chat in Upcoming TheStreet Webcast


“Investing For Your Future” will run at TheStreet.com on June 21 at 11AM EDT.

Ken’s Latest in USA Today—and Some News!


Introducing Fisher Investments founder and Executive Chairman Ken Fisher's latest recurring column!

Investment Research Gone Wrong


Keeping an eye out for these three types of bad research may help protect you from ill-advised investing decisions.

Downgrading Sell-Side Research


Investment firms are cutting back on sell-side research, but this won’t leave investors lacking crucial information.

Auld Lang Syne


As the curtain falls on 2016, our best wishes for a happy, healthy and prosperous new year.

Low Volatility, High Pain


Low-volatility investments are just one more way to chase heat.

An Earnings Season Replay?


Earnings expectations are likely still too low.

The Fed Taketh, Congress Giveth?


Bank rules might get a bit easier and tougher, but this week’s developments are more spectacle than anything else.

Another One Gets Delayed


Another Affordable Care Act rule has been delayed. Markets have largely brushed off the legislation so, in our view, these delays likely get the same response.

So Long, Fannie and Freddie?


Congress is debating unwinding Fannie Mae and Freddie Mac, but in our view, near-term market impact is likely limited as too many factors remain unknown.

Let It Be


Headlines are focused on BOE Governor Mark Carney’s monetary policy statements, but his regulatory actions might be more impactful for the UK economy and markets. 

Dodd-Frank: Relaxing Unwritten Rules?


Dodd-Frank turned three years old over the weekend, yet many rules remain unwritten—and some seem poised to stay that way.

The Rise of Technocranalysis


Technocratic thinking is infesting economics—and enfeebling it.

Waiting for Shinzo-man


Japanese equity markets and growth surged in Q1, but absent necessary structural and economic reforms, is it sustainable?

EU Regulatory Wrangling—The Saga Continues


EU finance ministers continue debating how to treat uninsured depositors when banks fail. 



Despite a seemingly pro-business move lowering some taxes on Monday, Hollande’s future legislation likely doesn’t stay on this, or any, set path.

Abe’s Constitutional Gambit


It seems Japanese economic reform may be on ice for now as Abe takes aim at the constitution.

Fitch’s ‘Fiscal Space’


Fitch seemingly Xeroxed Moody’s arbitrary rationale in downgrading the UK’s credit rating Friday.

Across the Pond Thursday


The Italian presidential election and Germany’s approval of Cyprus’s bailout dominated eurozone news on Thursday.



Portugal’s political and economic (relative) calm’s been recently disrupted—does this mean rocky territory from here on out?

The Cypriot Gambit


Cyprus voted ‘no’ on seizing deposits and may have another plan in mind.

Cyprus Bailout Blues


A forced seizure of Cypriot bank deposits is bad policy, but the global fallout appears limited.

And In Other News…


From Dodd-Frank’s incomplete grade to Brazil’s efforts to undo self-inflicted wounds, here’s a brief look  at stories that caught our eyes Friday.

A Blustery Energy Outlook


There seem to be a number of trends in the energy industry converging—how they play out depends largely (for better or worse) on politicians’ decisions.

Regulation Deliberation


The development and implementation of regulation rooted in 2008’s financial crisis has largely been slow. And overall, that’s a good thing.

Greek Default Redux


Two Greek defaults couldn’t derail markets in 2012.

Unintended Unintended Consequences


Often, the unintended consequences of government action are rather predictable—sometimes, though, even the unintended consequences are a surprise.

Reasons to Give Thanks


Our annual list of reasons we’re thankful this year.

Unsurprising Revelations


The eurozone and China dominated headlines Thursday, but news was largely as expected, save for a few interesting twists.

Hurricanes and Broken Windows


Examining the potential economic and market impact of natural disasters.

Capitalism, the Capitol and Capitals


Crony capitalism, debating capital in the Capitol and a “critical” summit in Belgium’s capital.

Of Rice and Men


Thailand’s ill-advised experiment with rice markets is already showing signs of unraveling.

Boomers, Korean Agriculture and Airlines


Our minds were divided Tuesday, covering North Korean agricultural reforms, demographic argument debunking and transcontinental airline merger proposals largely underpinned by silly legislation.

This Just In: Incentives Matter


Rising corn prices this summer aren’t only being driven by a drought.

Stirring the UK Stimulus Debate


Recent upward revisions to some UK economic data don’t quite square with growing calls for fiscal stimulus.

An Icelandic Remedy?


Is Iceland’s return to economic growth a model for the eurozone?

Touring Tuesday’s Headlines


A famed economist’s centennial, India’s blackouts and China’s gradual financial system liberalization  were in the headlines Tuesday.

Greece’s ‘Stranger Than Fiction’ Past and Present


Greece’s past and present show the truth in words Greek revolutionary hero Lord Byron penned two hundred years ago.

Tuesday’s Transatlantic Economic Tour


Spain successfully auctioned short-term debt, US industrial production nicely beat estimates and benign US inflation figures met with some odd media conclusions on a busy Tuesday.

Typical Tidbits


Our midweek mash-up of new (and not-so-new) news.

Noshing on News


In which we sample Spanish yields, European finger-pointing, ratings agency wrangling and a healthy slice of free trade.

A Mélange of Miscellany


A midweek mash-up of news that caught our eye.

Local Lessons in Overregulation


While many ponder the best ways government can aid economic growth, we have a not-so-small suggestion.

Basel Bickering


European officials continue to bicker over Basel 3 implementation, adding to political intrigue.

Report From the PIIGS


A brief review of PIIGS updates from Thursday.

Foreign Affairs


A brief rundown of China’s GDP, Hungarian political posturing and eurozone bond auctions.

A Busy Day Around the Web


A look at Spanish yields, recent US economic and legislative news and renewed drilling activity in the Gulf of Mexico.

Giving Thanks Amid Volatility


Stocks continued 2011’s volatile pattern on Wednesday—but that doesn’t negate the list of things to be thankful for this year.

A Preponderance of the Evidence: Growth


Although sentiment continues to be dour, a preponderance of the evidence shows underappreciated economic strength.

A Little Less Legislation, Please


Recent legislation and its unintended consequences have us asking for a little more conversation and a little less action.

Fool Me Once, Shame On Me?


Picking apart financial news and reading between the lines are critical to successful investing.  

2011: A Sentiment Tug-of-War


The bull market looks likely to continue in 2011 but with important differences from the past two years.

That Four-Letter Word


The US government may currently be in deep debt, but it's not necessarily a cause for alarm.

A Beltway Blue Moon


A recent executive order seeks to clean house in Washington and hints at a more moderate political climate.

Circling the Wagons

Strong demand met the eurozone's first jointly backed bonds to aid Ireland. 

The Piggy Bank’s Still Intact

As a new year in sovereign funding gets under way, euro scrutiny may heat up a bit. 

Abandoning the Absolute

The ability to think relatively is one of humanity's great strengths—especially in investing.

A Back-end Boost

Despite being in negative territory as late as mid-September, markets are now decidedly up for the year.

Let’s Make a Deal

The White House struck a deal with congressional Republicans on Bush-era tax cuts Monday night.

2010’s Wall of Worry

Despite rampant worry, stocks are proving resilient in 2010.

The Still-Fighting Irish

Ireland officially requested aid as the ruling party announced it will dissolve the government after an impending budget vote.

All Things European

While much attention is paid to various European nation's sovereign debt, behind the scenes European corporations are strong and positioned well.

One of Those Days

Stocks took a dive on another round of recycled worries Tuesday.

Debating the Euro

Euro worries are bubbling up again, but any risk remains firmly in the future.

Officially Corrected

The MSCI World and S&P 500 returned to pre-correction highs this week with very little fanfare.

OMG! Prosperity!

Mobile computing technology is exploding in Emerging Markets, which is a windfall for the global economy.

Production Chugs Along

US industrial production fell in September—but investors needn't worry much over small monthly fluctuations.

We’re All Jelly Donuts

Global economic prosperity is possible, and Germany shows how it's achievable. 

More Monetary Easing?

Investors devoured the Fed minutes from its latest meeting. 

Of Taxes and Politics

Midterms elections are fast approaching, and politicians are talking taxes.

Japan’s QE and ZIRP

Japan surprised investors with its particularly dovish monetary policy announcement Tuesday. 

The Semantics of Recovery

Few admit it, but recovery is almost over and expansion almost here.

Reading Between the Unemployment Lines

Look past the headlines—and the unemployment lines may be getting shorter.

Skin and Bones

The Fed's most recent policy statement was sparse as ever, intimating the central bank remains flexible.      

Show Me the Yuan

China will eventually have to free its capital markets and currency, but doing so gradually may be preferable to forcing the issue.

This Day in History

Lehman Brothers is history, but the fallout from its failure still seems fresh.     

Recycled Pessimism

If you believe the media hype, 2010 might seem like a lost cause, but there's still plenty of time for global stocks to have a solid year.

A Bearish Back-and-Forth

Investors refocused on Europe Tuesday—the latest shift in this year's bearish back-and-forth.    

A Nice Thought

Central banks remain flexible as credit conditions continue to thaw.

Goring the Global Growth Slowdown

Wednesday's global manufacturing data effectively pulled another leg out from under the double-dip table.

Beyond These Borders

To properly frame the US double-dip debate, global investors need to keep the whole world in mind.    

Distorted Housing’s a Drag

Existing home sales fell more than expected in July, the month after the homebuyer tax credit expired.    

Gridlock Is Great

Political gridlock is increasing all over the world—a good thing for markets.

Fruitlessly Fearful

After a week of worry and whispering, the Treasury's conference on Fannie Mae and Freddie Mac was a yawner.    

And the Silver Goes to . . .

China surpassed Japan in Q2 as the world's second largest economy.

Employment on Capital Spending’s Heels

Historically, hiring follows on the heels of corporate capital spending—which is already underway.

Got It Made With Global Trade

Global trade is booming—and that's bullish.

Hermes Delivers

As the risk of a Greek default gets slimmer, all of Europe appears on steadier economic ground.

Cash Is Cheap

Cash-rich companies are further building reserves by borrowing at ultra-low rates.

Fuzzy Manufacturing Math

Global manufacturing expanded again in July 2010, but you wouldn't know from the dour headlines.

Silence of the PIIGS

PIIGS debt auctions are garnering less and less attention in the financial media–and no news is good news.

Basel III Takes Shape

A more moderate amendment to the global book of bank rules gained wide acceptance Monday—alleviating more financial uncertainty. 

Earnings to Fly

Q2 2010 corporate earnings are exceeding expectations, a trend that looks likely to continue.

Chips and a Dip

Recent market negativity—including Friday's sell-off—has some questioning the recovery. But what do chips have to say to the dip?

Reform to the Norm

As expected, Congress passed Wall Street reform on Thursday. Given the resulting hodge-podge of studies and feckless changes, was the goal real reform or political gain?

On PIIGS and Needles

Signs show PIIGS and the eurozone aren't doing as badly as feared.

Konnichiwa—and Sayonara?

Japan's latest election results show yet another political power shift.

Negative Needles in Positive Haystacks

The ongoing correction and negative first half year returns stoked pessimism in many. But is this indicative of what lies ahead?

The Consumer Lives!

Despite market jitters, consumer spending remains steady.

Summertime Rebalance

Early summer is index rebalancing season, which may briefly impact some shares for a short period.

“Crime” and Punishment

The UK, France, and Germany announced their joint support of general bank levies to reduce financial risk Tuesday.

Yuan for You, Yuan for Me

China announced over the weekend it will loosen the US dollar-yuan currency peg.


The Brits will likely merge their central financial services regulator, the FSA, with the Bank of England.

Unnecessary Stressing

Debate over releasing EU bank stress test results is now resolved—perhaps the next test should be a recent history test for EU and US politicians.

Charge It, Please…Or Not

On Tuesday, the Fed announced amendments to the Credit CARD Act of 2009—which included regulations on late payments and account inactivity penalty fees.

Make Trade, Not Taxes

Western governments would do well to cast their eyes East—where freer trade and lower taxes may boost growth.

A Not So Sterling Warning

The timing and tone of an unexpected Fitch warning on the UK's credit rating were a little strange.

Positive Profits

Emerging Markets are in the lead, but there's promising news in developed nations too.

The Land of the Revolving Door

The besieged Japanese prime minister resigns. However, it should have little effect on global stocks.

Of Politics and Markets

Political uncertainty in the US and Europe contributed to a volatile week for stocks

Corrections and Other Common Anomalies

Market recoveries, and economic recoveries, aren't smooth slopes higher—occasional bumps along the road should be expected.

The Girl from Ipanema or Santorini?

Today's Brazil is an image of growth, but eight years ago it resembled Greece.

A Hearing a Day

Congressional hearings give the air of "action” but accomplish little.

No PM and More Volatility

Despite political uncertainty in Britain and widespread fears of a European debt contagion, economic news was overwhelmingly positive.

The Only Thing to Fear Is…Fear!

A volatile day on Wall Street left investors scratching their heads

Rumors and Rhetoric

Despite positive economic news, sovereign debt speculation sent global markets spiraling on Tuesday.

The Benefits of Union

Sovereign debt uncertainty struck global markets again Tuesday.

FAT Chance

The IMF proposed a bank tax to avoid future crises. Ill advised? Sure. Bull stopping? Fat chance.  

Brimstone for Breakfast

Human behavior after an economic crisis is as immovable as it is predictable.


In terms of global economic significance, PIIGS can't hold a candle to a new, slightly less cute acronym.

Monetary Measurements

Taking the temperature of Chinese monetary policy, we find it's neither too hot nor too cold presently.

Swatting the Fly on the Wall

An injunction preventing unauthorized early release of analyst recommendations has a little website (and some opponents) up in arms—but the ruling ultimately doesn't much matter for long-term investors.

If It’s Not One Thing…

PIIGS problems seem to keep coming, but they likely won't be as bad as widely feared.

On the Watch

The Fed held steady as an old accounting debate stirred early this week. 

A Tale of Two Swaps

Greek cross currency and credit default swaps have been in the headlines lately.

Servicing Crickets

Growth in US service industries is yet another sign we're in a broad-based recovery.

Headline Hog

The threat of continuing Greek drama dominated headlines Thursday, but investors were left with more questions than answers at day's end.

The Chinese Invasion?

Japan surpassed China as the largest foreign holder of US Treasuries in December.

A Big Fat Greek Deficit—Redux

Markets dropped significantly Thursday as sovereign debt fears resurfaced in the EU.

Budget Blueprint Blues

The White House released its budget blueprint for fiscal year 2011 Monday.

Running on Rumors

Concerns over Greece's rising deficits escalated this week, but sentiment (not fundamentals) seems the culprit behind the volatility.

Cheerio Ol’ Chap

The UK became the last developed country to bid cheerio to the recession on Tuesday.

Of Dogs and Decoupling

No single factor explains broad market trends—ever.

Testing the Tiger

With China's recovery gaining ground, gradual policy tightening is underway.

Trading in the New Year

New trade tariffs aren't on the list of reasons to celebrate the New Year.

Predictably Unpredictable

Long-term economic and stock market predictions are never entirely accurate—there are simply too many unforeseeable factors involved.

Toasts, Not Tears

This year's holiday shopping season exemplifies the disconnect between expectations and reality.

Fisher Investments Looks Ahead

With 2009 (and the ‘00s) winding down, investors can take what they've learned and look forward to the future.

The Ghost of Christmas Future

The Senate will vote a present down the chimney this Christmas Eve—but it's only the next step in a lengthy process littered with political land mines.

Deflated Copenhagen

The UN's Copenhagen summit fell short of its lofty goals—and that could be good for business going forward, especially in developing nations.

Big Fat Greek Deficit

Greek debt concerns roiled markets again Thursday. Expect such disruptions to continue, but not to derail the bull market.

A Buck for the Barber

For now, moderately higher inflation signals economic recovery—nothing more

A Grecian Knot

Markets were fidgety following a Fitch downgrade of Greek government debt Tuesday.    

The Devil You Know

Entirely new challenges lie ahead for the Fed Chairman—whose confirmation is all but assured. Is he up to the task?

Much Dubai About Nothing

News of Dubai World's debt restructuring roiled global markets but doesn't reflect a new financial crisis.

Black Friday X’s and O’s

Holiday retail sales won't make or break economic recovery. 

Unexpected Earnings

Positive earnings surprises should continue for some time.

Not So New Normal

The "new normal” economy is likely to be more normal than new.

Doubt in the Driver’s Seat

Doubts drive every bull market.

This Is Thriller Time

As the market pulls back a bit, some investors are reconsidering their approach. But brief pullbacks are normal—not reason to change a sound long-term strategy.

Reversing the Stimulus

The Fed's "exit strategy” needn't be precise.

The Boring Bull

Folks looking for explosive headlines often overlook the quiet bits of good news likely to drive markets higher.

Time’s Test

An obscure benchmark for raw materials shipping costs adds its weight to other tentative signs of recovery.

Reserved Panda-monium

Fears about China moving away from the US dollar eased as policymakers vocalized a simple truth: The greenback is China's only realistic option today.

Economic Archaeology

Although Q1 2009 GDP fell more than expected, the numbers suggest strong improvement potential looking forward.

No News is Good News

Details of bank stress tests were released today, and investors cheered the lack of news.

Soapy Antics

The G-20 will meet in London this Thursday—hold on to your hats.

In AIGony

March Madness kicked off Thursday, and the AIG controversy continued to kick up dust.

Fahrenheit 157

Mark-to-market accounting rules continue to draw scrutiny, but don't expect a repeal anytime soon.

Employing Sound Judgment

Employment data contributed to wild swings in stock prices today.

Beyond the Market’s Malediction

A bevy of negative headlines sent stocks down big—but few were new news.   

Mountains of Money

Global fiscal stimulus has been significant and is growing daily. Despite the dangers, that's a good thing for investors.

Banky Panky

Problems for Financials will likely linger. But the government seems intent on avoiding a systemic collapse, and Financials' woes shouldn't prevent a recovery for the broader markets. 

Wild Whisper Numbers

It's earnings season again, but for the foreseeable future, uncertainty reigns.

Patience With Punches

We're too eager to give up on monetary and fiscal stimulus before it's had a chance to work.

All Hail…the Car Czar?

After the Big Three's second trip to Washington, hats in hand, Congress is circulating a bailout plan.

With Jaundiced Eye

We don't deny there's plenty of trouble in the world today. But remember, there's good news too.

Gotta Love a Cheap Buffet

Things seem pretty bad right now—and there's plenty of trouble—but stocks have never been cheaper. Just ask the Oracle of Omaha.

The First Flake

US markets were down Thursday and continued to fall unchecked Friday morning on "unsettling” employment news—yet the S&P 500 finished the day up. What gives?

Of Autos and Airlines

Troubles in the US automotive and airline industries are driving some investors to fly off the handle.

Scrapping With Ben

Many believe a rising fed funds rate would be bad for stocks. Such a notion is hogwash.

More Cookies for Us All

Increasing productivity is one of the best ways to tame inflation.

Cap and Trade, or Shuck and Jive?

Congress is set to vote on an economically treacherous cap-and-trade bill. As of now, it's all talk. Let's hope there's no action.

Cap and Trade, or Shuck and Jive?

Congress is set to vote on an economically treacherous cap-and-trade bill. As of now, it's all talk. Let's hope there's no action.

High (or low) Finance

Financial stocks have taken it on the chin lately, and whether they recover anytime soon is debatable. Regardless, the sector's fortunes don't necessarily dictate those of broader markets.

No Confidence in Consumer Confidence

The Consumer Confidence Index is often believed to portend economic and stock market direction. Put simply, it doesn't.

Born to Underachieve

Socialist sentiment in Europe doesn't bode well for long-term Continental prosperity.

Brainiacs Unite

Prediction markets are making use of efficient markets theory to forecast everything from basketball games to political contests.

Getting Gassed

High gas prices aren't likely to go away anytime soon. But gasoline consumption is too small a percentage of overall spending for prices to have the impact folks fear.

A Suckers’ Rally?

It's impossible to predict short-term market fluctuations, but the current crop of ills is widely known and unlikely to lead to a more prolonged downturn.

M&M’s and M&A

With lots of cash and credit in the system, larger firms are looking for bargains.

Pass the Corn

Headlines are rife with suggestions to spur on the economy. Things have slowed down of late, but government remedies, like the decision to subsidize the production of ethanol, can cause more problems than they solve.

Positively Ignored

Today's widespread focus on economic negatives and denial of positive global fundamentals is bullish for stocks.

Don't Call It a Bailout

Recent Fed policies have been criticized as a government-sponsored bailout and possibly a sign of more intervention to come. We view such fears as misplaced.

Ironman Investors

It's been over four months since the global stock market peaked. After a re-test of January's lows, investors are now both fearful and fatigued.

Oil on Canvas: Today’s Energy Landscape

High oil prices translate to great investment opportunities.

Don’t Fear Change

Those fearful of a candidate from either of the two major parties ascending to the White House next year can breathe a bit easier. Democrat or Republican, historically markets have performed fine.

January Ineffect

The common belief a bumpy start to January portends market trouble is statistically and fundamentally baseless.

New Year, Old News

As markets opened for the New Year, folks dwelled on old news.

Top Market Myths of 2007

2007 felt like a tumultuous year, but stocks worldwide held their ground and so did the economy. A recounting of the year's top worries that never materialized.

MarketMinder’s Best of 2007

A look back at the best 2007 MarketMinder daily commentaries.

Strength from Weakness

Where many interpret recent central bank and sovereign wealth fund action as ominous, we see signs of incredible strength, versatility, and durability in today's global markets.

A BIG Year

2007 looks like a banner year for big cap stocks. But just because big caps are leading today doesn't mean betting on them looking ahead is a sure thing.

Earnings Dilemma

The first negative quarter for earnings growth in over five years has many investors running for the hills, but a close look at the data reveals bullish conclusions for stocks.

Dopey Dow Theory

A time-tested concept says a new bear market's at hand—but there are good reasons to distrust the Dow Theory.

The Greatest Prosperity

Free market economies are the alchemical conduits of progress and wealth for individuals and societies alike.

Freddie Fretting

The trend of overblown fears tied to a credit crisis continued today with Freddie Mac's $2 billion loss announcement.


Breakthroughs in neuroscience are spawning powerful insights for approaches to economics and investing. But like any new tool, it can easily cause as much damage as good. Tread lightly.

All in Thain

The continued trend of risk averse, wet blanket CEOs is an indication of today's dour market sentiment, not economic peril. Merrill Lynch's hiring of John Thain is the latest example.

So Goes Jay-Z

No one's immune from weak dollar fears—but fears don't translate into fundamental trouble for markets or economies. Weak or strong, the dollar doesn't dictate stock market direction.

Writing-Off Write-Downs

Maybe today ended the recent spate of negative market volatility, maybe not. Either way, investors will eventually wake up to the fact so-called "toxic” debt assets are worth far more than currently perceived.

A Capital Gainsay

Many fear higher tax rates after the 2008 election. But no matter the outcome, the benefits of compounding interest are too great to attempt short-term market timing to avoid a potential, future tax hike.

Guilty by Association

Individual stocks are highly correlated with their sectors, countries, and the market. Thus, investors must take a broader view than simply studying specific companies. Today's Capital Markets stocks are a great example.

Bumpy, Lumpy Bulls

Stock market volatility is perfectly normal—up and down. Allowing market choppiness to predicate investment decisions is simply wrong.

Metaxic Imbalance

It's been a great day for the US economy. Too bad few (including Fed officials) appreciate it.

Is Oil Finally Too High?

Are oil prices finally high enough to stifle the economy? In a word, no.

The Exorcist

Just in time for Halloween, Wall Street is once again exorcising the demons of credit crunches past.

Is Tech for Real?

Tech stocks have been on a tear. Is the rally for real, or just a post-correction countertrend?

Flaming Kamikaze Squirrels! (And Other Anomalies)

This week's market volatility is being compared to Black Monday 20 years ago. In reality, the dissimilarities are many and stocks remain a great value.

Leave it to The Mavericks

The M&A and share buyback boom is set to resume on the strength of market fundamentals and the leadership of "maverick” business leaders willing to re-set the trend.

A Good Bad Quarter

It felt like a summer of turmoil, but the third quarter of 2007 was much better for stocks than it seemed.

Laboring Through Summer, Part 2

On the eve of Labor Day weekend, Part 2 of MarketMinder's look at the economics of labor.

Laboring Through Summer, Part 1

As summer unofficially closes, it's a good time to remember the tenets of Capitalism and free market economics that helped make US labor one of the most versatile, productive, and wealthy workforces in the world.

Bad Conation

When investors get jittery, they tend to believe one issue, and one issue only, moves stocks. That's a classic sign of a bull market correction and not a new bear.

Summer Reading

With today's Fed's statement behind us and the market's nicely positive reaction, now's a good time to turn bibliophilic and get to that summer reading.

No Credit Messiah Necessary

The market is expecting a savior, but this week's Fed meeting likely won't provide much in the way of a credit messiah. That's ok because markets didn't need saving in the first place.

Notes on an Energy Boom

The global boom in energy prices, profits, and stock appreciation isn't done yet.

Is the LDP DOA?

Japan's ruling Liberal Democratic Party suffered a stunning defeat in the upper house election on Sunday, giving up control in the chamber to the opposition Democratic Party of Japan. What does it mean for global stocks?

The MarketMinder Guide to MarketMinder

Ever wondered what you're supposed to do with stories you're supposed to ignore?

Commercial Amnesia

Investors are predominantly focused on residential housing statistics, but many fail to realize commercial real estate is almost as big…and it's booming.

Crowd Deification

Markets are great! But let's not deify them.

Credit Crisis Conundrum

Are we facing a coming credit crisis? Or is the real crisis a disappointing lack of working calculators in most major newsrooms?

Subsidy Soapbox

Why congressional meddling in free markets should leave you feeling dirty.

Evolved Markets

The science of evolution is changing the way economics and markets are understood.

The Bane of Conformity; The Boon of Truth

Conformity is the norm of human existence.

The Virtues of Legal Restraint

It's good to be hypercritical of the antics of activist judges who legislate from the bench.

Financials' Big Buzz

The big buzz around Wall Street this week is the so-called lifting of capital restraints to US securities firms, which could lead to as much as $4.

Timing Tortillas

Apparently, the latest trend in Washington is self-flagellation.

The Last Full Measure

What strength of resolve is it that impels a people to raise a value—a mere abstract concept—above life? Who can fathom the force of character necessary for ultimate sacrifice in the name of freedom? Where can be found, deep in the gut, that ego-annihilating principle giving man the expedience and depth of heart to destroy the body in the name of ethereal liberty? What a rare and new thing is liberty in world history—the timeline of civilization is a tapestry of human enslavement.

The Boom Isn't Ending Today

We continually tout the power and potency of the merger and acquisition boom as a primary driver of the global bull market in stocks.

Stating the Obvious

Sometimes the most obvious stuff is the least recognized.

Cellulose Between the Ears

As the alternative energy craze continues, we'd like to interject a little commonsense into the debate.

Smart, Smarter, Smartest

Pretend you are an average CEO of an average S&P 500 company.

Foreign Investment Boondoggle

So many protectionists out there these days.

Multiple Expansion

Stocks have gone up in each of the last four years.

The Age of Conglomerates

Conglomerates were bigger than the Beatles in the 1960s.

Where Money Flows Like Water

Chinese M2 money supply growth accelerated to 16.

Privatizing Profits

Finally, some euphoria.

Energy Depletion?

The Energy sector has been one of the best stock performers over the last several years.

Housing Still Isn't Haunted

2006 is over.

Back to Parity

Global equities capped off another banner year in 2006, with the MSCI World Index returning 20% in dollar terms.

Gonna Fly Now

Yo, Adrian! 2007 has all the makings of another sequel.

Manufactured Protectionism

There's a good chance you think the entire world's manufacturing production has moved to developing economies like China and India.

Improvement is Still Good

Treasury Secretary Paulson is on a mission to make US capital markets more competitive.

Not All Destruction is Created Equal

We've written several times in this commentary on equity supply destruction and its ability to drive stock prices higher.

Free Trade Protectionists

What kind of an economy was the United States 150 years ago? Primarily agrarian.

Even More Destruction

Lately we've been lauding the virtues of destruction.

Three's a Charm

P/E ratios are fickle things.

The Financials Revolution

How can it be that an industry that creates no tangible products is worth about 25% of the value of all equities, and represents an even higher proportion of profits? It's a time of great innovation and development throughout the Financials sector.

Shocking Returns!

Returns on Utilities stocks are truly electrifying this year.

Flip it to See Stocks' Value

We think price-to-earnings ratios are pretty boring.


When companies buy each other they take equity supply off the market and pay a premium for those shares.


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