“Chart Of The Century”

“Chart Of The Century”

From the desk of Economist Mark J. Perry: Key bit:   Various observations that have been made about the huge divergence in price patterns over the last several decades include: a. The greater (lower) the degree of government involvement in the provision of a good or...
Overextended?

Overextended?

The S&P 500 Index finished this week nearly 70% above the 2007 highs.  Since the 2009 low it has gained just over 300%. Yes, overextended.  When the correction begins, which will be nearly impossible to time, it will be sizable.  Much of the money exiting U.S....
Down Four Straight

Down Four Straight

The S&P 500 Index is off to a rough start this month.  Friday the index closed lower for the fourth straight session.  It has done this only twice before, in 1987 and 2001.  Cue ominous background music... That being said, a more positive data point can be found...
10 Years Ago

10 Years Ago

Great stuff from Bespoke:  10 years ago, investors experienced the biggest turmoil in financial markets since the Great Depression.  Here’s a running list of the daily headlines from September 2008.  The S&P would go on to fall another ~40% before it was...
Schlumberger Continues To Slump

Schlumberger Continues To Slump

Shares of energy services company Schlumberger have been under very heavy pressure since August 30th.  The stock is working on its sixth straight decline since and has taken out major lows in the process.  SLB reached a new 2018 low on Monday, closed below the 2017...