Markets Mounting a Comeback?

Markets Mounting a Comeback?

Two hurricanes in the course of two weeks! And Irma ranked No. 7 on the list of most powerful hurricanes, just behind Katrina (No. 3) and Andrew (No. 4), for those keeping track of such things. Harvey tied for 18th in the ranking. We are ready for a comeback. Last...

Wall Street jazz

I spent part of the Labor Day weekend at the venerable Detroit Jazz Festival, held here since 1980. The world’s biggest free jazz festival takes over the Detroit downtown scene for four days. It seems to get bigger and better every year, drawing over 100,000 jazz fans...

Can a Market Crash Arrive as Fast as Harvey?

As late as 10 p.m. last Wednesday evening, it didn’t even have a proper name. It was a mere tropical depression. And at 10 a.m. the next day, it was still just one of many tropical storms being tracked. But as noon approached on Thursday, the storm was christened...

Is the Stock Market a Bug in Search of a Windshield?

Years ago, my friend John Mauldin described the Japanese yen market as a “bug in search of a windshield.” Some have said that John coined the phrase, and it was the first time I had heard it. But in 1974, Genesis on their last record with Peter Gabriel used a similar...

Is the Stock Rally Eclipsing Market Risk?

It was July 1991. My wife and I were leading a band of more than 100 shadow chasers to the Big Island of Hawaii. We were journeying there to watch a solar eclipse from American soil. At the same time, to the southwest of us, the travel company that I owned a part of,...