It’s more than just what on the floor (Photo: Mike Segar/REUTERS) For the second day in the row, the US stock market plunged, and then bounced back. Hurt, yes, but shares were not beaten, even as investors had to worry about the double whammy of concerns of nuclear contamination in Japan and a housing report [...]
Bill Gross says sell (Photo: Jason Reed/Reuters) US debt may no longer be a good investment, at least for now. And that might be the good news. Famed investor Bill Gross, who runs the PIMCO Total Return Fund, recently sold all of the US Treasury bonds is his fund’s portfolio. It’s a huge move for [...]
Here’s another data point that gold and other things that are supposed to trade up when inflation spikes are in a bubble: The prices of books about hyperinflation are themselves hyperinflated (from Fortune): Jens O. Parsson’s out of print economic treatise, Dying of Money: Lessons of the Great German and American Inflations, is selling for [...]
Boston College’s Center for Retirement Research Center has a study out this month about the cost of 401(k) plans, and they have found another flaw in the nation’s defacto retirement savings system: It is overpriced. So not only do 401(k) plans not meet the needs of the average American, they aren’t cost effective either. I [...]
It’s a long held mantra on Wall Street to buy straw hats in winter. The notion is that you should buy the shares of a company when no body wants them, or when things look their worst. Buy at the low. So based on that logic here’s the question: Is BP’s stock a buy? That’s [...]
The Standard & Poors 500 vs. The CBOE Volatility Index Volatility Mad Dow disease is back, baby. The Dow Jones industrial average started the day with a bang, down 300 points. It then rose most of the day. The result: The Dow was down just 20 points by the end of the day. The Standard & Poors [...]
I usually ignore stories trying to predict stock market drops. Who really knows? Not me. But with stocks down more than 250 points today, Fortune’s article earlier this week by veteran writer Shawn Tully is looking very prescient: Here’s how I see the odds. The chances are about one in three that we suffer a [...]
The consumer price index, which measures inflation, was out this morning and it was down slightly in April. Here’s what Calculated Risk had to say: The disinflationary trend continues – and with all the slack in the system (especially the 9.9% unemployment rate), it is hard to see inflation picking up any time soon. The [...]
