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...
Dollar Strengthens – Peso Weakens

Dollar Strengthens – Peso Weakens

This chart, courtesy of Bloomberg, shows the market’s reaction to the Fed’s decision to reverse its quantitative easing policy. The Federal Reserve took the first tentative steps Wednesday to unwind its history-making economic stimulus. As markets...
Updates – Peso and Stock Market

Updates – Peso and Stock Market

The U.S. dollar bounced off its two-year low on Monday. It’s too early to determine if this rally has some staying power. The dollar’s move appears to have weakened the Mexican Peso. The peso is currently stuck in a trading range between 17.5 and 18. Right...

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