It’s Only a Manufacturing Recession

Wall Street tells you to forget the manufacturing segment of the U.S. because we are primarily a consumer-oriented society. However, manufacturing downturns preceded both the 2001 recession as well as the 2008 recession. Equally important? Goods-producing corporations...

Money-Losing IPOs

Money-losers. Those were the types of companies that came to the stock market during the late 1990s dot-com boom (and eventual bust). Same thing happened in 2019 as three-quarters of IPOs represented businesses with negative earnings.    ...

Stocks Went Parabolic… Dontcha Think?

A little too parabolic. (Yeah, I really do think.) Parabolic moves for the tech sector have never ended well for the stock market. In the first chart, the yellow line show what transpired for the Nasdaq 100 as 2000 approached, as well as the aftermath. The red line...

Dude, Where’s My DPI?

The Federal Reserve has engineered a variety of asset bubbles by suppressing and manipulating borrowing costs. Leading up to the bursting of 2000’s stock bubble, household assets as a percentage of disposable personal income nearly reached 500%. In 2007’s real estate...

Just 5 Stocks Control the Market

Back in 1999, General Electric (GE), Exxon Mobil (XOM), Microsoft (MSFT), Cisco (CSCO) and Wal-Mart (WMT) comprised the largest companies in the S&P 500. In 2019, the S&P 500’s “Top Five List” boasted a cornucopia of tech giants, including Facebook (FB),...