• The Smart Money

    May 30, 2013

    While equities have made new record highs this month High Yield Bonds have declined, a classic warning sign that has often led to multi-month declines. Does it matter when High Yield Bonds are not invited to the stock market...

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  • Here We Go Again

    March 28, 2013

    The path of market prices for the first three months of 2013 is eerily similar to 2011 and 2012. It has gone something like this: The year begins with new optimism over the economy and stabilization in Europe, pushing...

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  • Gaps In Thinking

    February 4, 2013

    Equity markets have enjoyed a powerful start to 2013 as broad indexes like the S&P 500 have gapped higher right from the first minutes of trading. The crazed buying pressure was enough to mark the best January for the...

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