07/29/2014

Pulse of the Rich

Haefele says that if investor confidence improves, a portion of this idle cash will get redeployed in the stock market, driving prices higher. He thinks U.S. equities will return around 7% or 8% this year.

07/27/2014

Bedtime for Bondo by Tim Price

They call them ‘junk bonds’ for a reason. They now constitute an offence against linguistic decency: ‘high yield’ no longer even is.

07/20/2014

Wood will burn by Tim Price

I am definitely concerned. When was [the cyclically adjusted P/E ratio or CAPE] higher than it is now?