by Gary Gordon | Jun 15, 2020
Wall Street is unabashedly loony at the moment. Stocks remind me of Clark Griswold’s famous line in National Lampoon’s Vacation, “This is crazy, this is crazy, this is crazy.” In every previous recession, corporations reduced their leverage to shore up...
by Gary Gordon | Jun 12, 2020
In every recession, corporations reduce their leverage to shore up their balance sheets. Until now. US corporate debt is heading for 50% of GDP. That’s not merely a new record… it’s other-worldly. In 2000 as well as 2008, bubbly asset price excesses...
by Gary Gordon | Jun 10, 2020
Roughly half of all U.S. employees work for small businesses. What’s more, small businesses account for roughly half of net job creation. So the fact that small businesses anticipate starting 2021 with three-quarters of the head count that existed at the start...
by Gary Gordon | Jun 9, 2020
Not only is the 2020 stock bubble trading at the most overvalued levels in U.S. history, but stocks are also extremely overbought on relative strength (RSI) indications. Investors would be hard-pressed to ignore the number of S&P 500 constituents that are trading...
by Gary Gordon | Jun 3, 2020
Reasonable estimates suggest that our consumer-based economy will not recover its 2019 GDP glory until 2023. Why stocks trade at 2023 levels in 2020 is bizarre. In truth, households continue to struggle to pay regular bills, with more than one third looking to delay...
