Exponential Price Insanity

One of the features of a stock bubble? Staggering price gains over relatively short periods of time. Apple (AAPL), for example, is a phenomenal company. Its smartphone, music and television platforms are addictive to hundreds of millions of people. Should it really be...

Five Stock Steps Beyond?

During stock bubbles, market participants abandon bargains to chase the hottest trends. And this bubble is no different. For example, during periods of relative equanimity, there may not be much of a difference between the pursuit of high-flying momentum and the...

George Soros Abandons the Stock Bubble

Despite a worldwide pandemic, astronomical stock valuations, the deepest recession since the Great Depression and a contentious U.S. election in November, the S&P 500 has rallied back to within 0.25% of a record high. As I type, in fact, the S&P 500 could...

The Invincibility of Apple

Apple is a phenomenal company. From smart phones to tablets, from music to television, the world loves what this corporation offers. And it loves the stock. In fact, Apple (AAPL) may soon hit a market capitalization of $2 trillion. On the flip phone side, are market...

How Skewed is the Stock Market?

Large-scale bankruptcies have been slamming the U.S. economy. Worse yet, the expectation is that many companies, particularly in energy, retail, and tourism, will not be able to outrun the slow-growing economy going forward. How can one tell that the economy is still...