Bubble Dynamics

You do not have to be a geneticist to understand why the stock market has flourished. The economy may have suffered millions upon millions of permanent job losses. However, when there are 50 additional cents in M1 money sloshing around the financial system since March...

Dow 30,000 and the Permanently High Plateau

One of the most famous social and economic influencers in the 1920s? Irving Fisher. Unfortunately for the celebrated economist, Fisher is best known for his biggest mistake. What many might say was the worst stock tip in history. In particular, Fisher excitedly...

The New Abnormal

This is a world where more and more people will need to rent rooms in their homes to make ends meet. Indeed, corporations like AirBnB stand to benefit. However, a number of 2020 IPOs have catapulted more than 100% on the first day of trading. This has occurred despite...

The Option to Gamble on Higher Stock Prices

How ludicrous are current stock prices? Consider the following charts: (1) Traditional Indicators. Four prominent measures — PE10, Crestmont PE, Q Ratio, Regression — have collectively catapulted more than 3 standard deviations above a mean. The average of...