Last week we saw the capitulation of the market to the forces that have limited it for a long time. Investors gave up and ran for the hills in spite of excellent news on the economic front. How long that capitulation will go on depends on when business spending will pick up.More...
The farm bill that has been sailing through congress is exactly the opposite of what George W. Bush promised us when he ran for office. It is wasteful, adds to the deficit and does not even defend the role of the family farmer as its backers insist it does. It should be vetoed.More...
Dell Computer is having some problems. That seems strange to me as I've just pitched in and purchased a couple of boxes from them. Here is the problem. Before we get crazy, Dell is not likely to go the route of Enron.More...
I expect the capitulation of the market to continue next week. The news has been bad, the market is pessimistic and the only thing that might make me wrong is a technical rally.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
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