No Inflation???

Pundits on TV and websites express amazement that today’s CPI data show no change overall and only a .1% increase in the core rate.  Writers on Cramer’s site, experts on CNBC, and even Bill Gross all claim that government measures of inflation are silly and inaccurate.  To them, it is obvious that prices are much […]

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Is A Pullback Imminent?

None of this means that Charles is wrong in his prediction. Markets do not march straight up without pause. But there are different ways to look at the evidence, and tempting to see it as supporting your own position.
Now you see why I call the “multiple” a Fudge Factor! Anyone can offer an opinion on what it should be. Better to use some data…..

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Is A Pullback Imminent?

None of this means that Charles is wrong in his prediction. Markets do not march straight up without pause. But there are different ways to look at the evidence, and tempting to see it as supporting your own position.
Now you see why I call the “multiple” a Fudge Factor! Anyone can offer an opinion on what it should be. Better to use some data…..

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Professors and Traders

Professors and traders are at opposite extremes of a continuum related to decision making.  Professors work very methodically and do a lot of careful research before publishing findings.  A lot of effort goes into their writing, so an article or book can take a long time.  Professors can lose reputation if they make mistakes, but […]

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