Category Archives: Uncategorized

The Next Bear Market II

Back in January, I posted a piece entitled The Next Bear Market.  In it, I opined that we are in a “secular bull market,”[1] but that another recession is inevitable – though probably a few years away – and now is … Continue reading

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Thanks for the Bull Market, CNBC!

Thanks for the Bull Market, CNBC! As many of you know, I have been a long-time critic of the various television business networks.  While they purport to provide viewers with usable information about business and investment markets, their true mission … Continue reading

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The Tale of the Tape and This Correction

I pay almost no attention to boxing anymore, but back in the day when I eagerly awaited every epic battle between Ali and Frazier or Leonard and Duran, there was always a pre-fight analysis called the “tale of the tape.”  … Continue reading

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The Next Bear Market

According to Wikipedia, Happy Days Are Here Again is a song copyrighted in 1929 by Milton Anger (music) and Jack Yellen (lyrics).  The song was recorded by Leo Reisman and His Orchestra, with Lou Levin, vocal (November, 1929).  It was … Continue reading

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Stock and Bond Market Update

While all the world focuses on the debris rising up in the tornadoes engulfing Hollywood and Washington (Roy Moore, Harvey Weinstein, Kevin Spacey, Trump and Russia, Hillary and Russia, etc.), the stock market continues to drift pleasantly higher.  How much … Continue reading

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Mid-Year Market Update

“How in the world can the market be doing so well when everything in Washington seems to be a disaster?”  I’ve been asked this question many times in the past few months, and I think there are two parts to … Continue reading

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Stay Rational My Friends

It’s hard to know what to www.instapax.com believe these days.  Did Trump campaign members conspire with Russia to help win the election?  Did Susan Rice and others in the Obama administration abuse their power to unmask the names of Trump … Continue reading

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Brexit

       Freedom’s just another word for nothin’ left to lose    “Me and Bobby McGee”, Kris Kristofferson Rejecting  Kristofferson’s cynicism, the majority of Great Britain’s electorate choose freedom over the prospect of continuing to live under the dictates of unelected European Union … Continue reading

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The Great Depression of 2016

 I confess.  I’m not expecting a depression this year. The above title is a “hook”, and I borrowed it from a book written by Dr. Ravi Batra in 1985 (The Great Depression of 1990 – Why it’s got to happen – … Continue reading

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Oil, the Stock Market, and the Folly of Youth

Bearing what all these crazed, hooked nations need, steel plate and long injections of pure oil                                                                        Gary Snyder,   Oil Most men, when they reach a certain age, develop a habit of looking back at their youthful stupidity, sometimes regretfully, … Continue reading

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