We will only know in hindsight, but this sure looks like a bottom in the stock of Apple. The stock is over-bought in the near-term, but that looks like a typical bottom. And what does it say about the market in general when the stock of company that makes a highly discretionary albeit popular...

Last week, Brett Arends at the Wall Street Journal made the argument that homes were now cheap. It's important to note that real-estate prices in many areas are far from a historic bargain. And where there is a glut, prices -- obviously -- are likely to stay lower for longer. It is still a buyer...

Frankly, I am having a hard time being bullish because everything feels so bad. I was in the office on President's Day and watched the S&P 500 futures tick down to near-term support at 806, such that futures are indicating a 20 point decline at the open on Tuesday. Now, it appears the market ha...

The following are links to several articles I found interesting over the past week or so. First, a comment on the market. I am still substantially net long but have not bought or sold anything over the past while. However, I am more of a seller than a buyer at these levels. The trend is still ...

I am hearing a lot of chatter about the price of natural gas, particularly the ratio of the price of oil to the price of natural gas. Historically, the ratio of oil to gas has been 6:1 to 10:1. This week, that ratio soared as high as 26:1. People are using this ratio as a reason to jump into n...

From World Public Opinion Contrary to the common assumption that Muslims view globalization as a threat to their society, a new poll of Muslim countries finds that globalization is generally viewed positively. The poll was conducted by WorldPublicOpinion.org in six nations with predominantly Mus...

One of the more amazing graphs I have seen is the graph of operating cash flows of the S&P 500. Operating cash flows are the cash flows from operations derived from the upper third of the Statement of Cash Flows. It includes profits, depreciation, changes in working capital, changes in def...

Gold was hammered on Friday as investors stampeded out of a crowded trade, me included. The impetus for the sharp decline was the stronger than expected jobs report, and a fear that the Fed would start raising interest rates and withdrawing quantitative easing sooner than expected. But does hig...