As if I haven’t hit you with enough bearish posts these past few days, here’s one more for you from the ultimate bear himself… Peter Schiff. If you don’t know who Schiff is… you should. Schiff is one of the only people to call foul when the sub-prime boom was in full swing. Economists [...]
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The markets have been in a sustained rally since hitting the March lows. Since that time, the S&P 500 has climbed more than 50% from the bottom. While we’ve seen some noticeable improvement in the economy since than, there are still many ominous signs that make me weary. Firstly, second quarter earnings were largely viewed as [...] In case you haven’t seen, yesterday California declared a fiscal state of emergency. Governor Arnold Schwarzenegger aka… The Goverator, has stated that he will not sign any legislation not related to the budget until the crisis is resolved. In the video, Schwarzenegger complains that the California politicians are busy discussing important topics [...] |
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October 2009 Is Eerily Similar To October 2007
Those who don’t learn from history are doomed to repeat it, that’s how the old cliché goes. As the major stock indexes continue their march higher, some find that these iconic words of caution are particularly relevant in our current environment. The argument can be made that the fundamentals unfolding presently are uncannily similar to [...]