by Gary Gordon | Apr 7, 2021
When does extraordinary excess become visible? In hindsight. Consider the stock market at the start of 2000. Despite ridiculous valuations, scores of profitless IPOs, and an absence of common sense, few seemed to recognize the risks ahead of time. The S&P 500...
by Gary Gordon | Mar 31, 2021
Homes, stocks, junk bonds, you name it. Assets are ridiculously frothy everywhere you turn. The craziness is hardly confined to traditional Wall Street assets, however. Day-trading teenagers with social media cache are getting “rich” on digital NFT Nike...
by Gary Gordon | Mar 26, 2021
Somewhat surprisingly, 200 of the 1500 largest companies have proffered negative earnings over three consecutive years. Their stock prices must have suffered, right? Hardly. According to the Leuthold Group, investors have piled into unprofitable corporations more than...
by Gary Gordon | Mar 23, 2021
Over the last 40 years, the U.S. government has chosen to spend significantly more money than it takes in. It is the reason that the country must issue trillions of dollars of debt. Spending became particularly obscene during the financial crisis of 2008. And since...
by Gary Gordon | Mar 16, 2021
Investors may or may not be aware of their euphoric attitude toward risk taking. Yet Goldman Sachs data suggest that risk appetite is every bit as extreme today as it was before the dot-com bubble burst in 2000 and before the global financial collapse in 2008....
