My Experiences With Market Tops

My Experiences With Market Tops

I started working in the investment business in 1976 and the stock market had been in decline for the two previous years. The market continued sideways to down for the next 6 years, culminating in the 1982 bear market bottom. Not the best time to be in the market, I...
The Anatomy of a Bubble Series – Part 2

The Anatomy of a Bubble Series – Part 2

Bubbles occur at the end of long bull markets. When markets go up long enough the wall of worry starts to dissipate. Traders assume the markets are bulletproof, where every correction is a buying opportunity. Corrections become more shallow as more and more people buy...
The Anatomy of a Bubble Series – Part 1

The Anatomy of a Bubble Series – Part 1

The first mistake that investors make when a bubble is in progress: They assume that this time is different and that it is the fundamentals that are driving the markets. You need to know that bubbles are driven by human emotions and not by economic fundamentals. In...
Stock Market Update

Stock Market Update

I’ve been absent for a couple of months but little has changed to alter my opinion of the stock market. We appear to be entering the bubble phase in the market with the S&P 500 solidly breaking through the 2600 level. The fundamental story appears to be the...

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