Equity Risk Premiums (ERP) and Stocks: Bullish or Bearish Indicator
If you have been following my blog postings, you are probably aware that I have an obsession with equity risk premiums (ERP), and have done an annual survey paper... Read »
Is Nuclear Winter Coming to the Senate this Summer?
It seems the Senate could have a really hot summer. Majority leader Harry Reid (D-NV) has reportedly threatened to “go nuclear” this July—meaning that Senate... Read »
America’s Future Early Education System
At some point, the United States is likely to have universal publicly-funded early education for children aged one to four. But while we led the way in establishing... Read »
Top Pre-Market Stock Upgrades/Downgrades May 20, 2013
UPGRADES J.C. Penney (NYSE:JCP) upgraded to Buy from Hold at Maxim – Maxim upgraded J.C. Penney on expectations the company’s strategy changes under... Read »
Japan’s QE is Exporting Deflation
Japan’s effort at super QE is likely to export its deflation to trading partners. John Mauldin has a long a analysis of this in his current newsletter. Our... Read »
Yahoo (YHOO) Approves Billion-Dollar Tumblr Cash Deal
Yahoo (YHOO)’s board of directors has agreed to acquire popular social blogging platform Tumblr for $1.1 billion in cash, The New York Times reports. Details... Read »
Sovereign Debt Concerns in 2013
Interest rates on government debt for a number of European countries– notably Greece, Portugal, Ireland, Italy, and Spain– shot up considerably during... Read »
Obamacare Bulge?
The Congressional Budget Office put conservative economic thinkers on their ass this week. In this Report (pdf), the CBO concluded that the US budget deficit is... Read »
Two Red-Hot Stocks: GOOG – TSLA
Two days after surpassing the $900 level for the first time ever, Google‘s (GOOG) surge on Wall Street is still showing no signs of slowing down. The ticker... Read »
A Congressman from Illinois Wants the IRS to Do Your Taxes for You
Former acting commissioner of the Internal Revenue Service Steven Miller was rolling along pretty good on Friday, bravely facing down his inquisitors from the House... Read »
Treasury Sec. Jack Lew on the IRS Controversy
On this week’s “Political Capital with Al Hunt,” airing tonight at 9:00PM/ET, Bloomberg TV anchor and Bloomberg View columnist Al Hunt interviews... Read »
Tesla (TSLA) Stock Looks Like Something Out of 1999
This is a post I started to write last week, got sidetracked and now it seems a bit timely once more. I’m talking about Tesla Motors (NASDAQ:TSLA), the electric... Read »
Top Pre-Market Stock Upgrades/Downgrades May 17, 2013
UPGRADES General Motors (NYSE:GM) upgraded to Buy from Underperform at CLSA – CLSA upgraded General Motors two notches to Buy from Underperform and raised... Read »
The Myth of Liquidity and Bubbles in Financial Markets
Gillian Tett at the Financial Times wonders today about how long the stock market rally will continue. Her argument is that we see data that are at odds with historical... Read »
Google (GOOG) Next Stop $1,000?
With shares of Google (GOOG) up more than 28% so far this year and the stock printing the tape above $900 on Wednesday for the first time ever, raising the search... Read »
The ‘Smart Money’ Ain’t So Smart Anymore
Not long ago it seemed that the “smart money” was invested in hedge funds which generated outsized returns for investors. When broad markets fell by 40% in the... Read »
Did the House of Representatives Just (Unintentionally) Eliminate the Debt Ceiling?
My fellow NEP blogger Joe Firestone wrote recently about House Resolution 807, the Full Faith and Credit Act, which was passed on May 9th by the US House of Representatives. ... Read »
We See Bubbles Everywhere – PIMCO’s Bill Gross
PIMCO’s Bill Gross brought a smile face mug on Bloomberg TV’s “Market Makers” today to illustrate to Erik Schatzker and Sara Eisen how happy... Read »
Top Pre-Market Stock Upgrades/Downgrades May 16, 2013
UPGRADES Google (NASDAQ:GOOG) upgraded at RW Baird – GOOG price target raised to $1,025 from $830 at RW Baird RW Baird raised its price target for Google... Read »
What Could Derail Market’s Historic Run?
Futures are basically flat as markets around the world see some profit taking. Some are up, some down, but there are no big stand outs. The S&P remains very... Read »






