Stock Market

Stock Market

A Step Towards Common Sense

Stock Market By David Stockman.  |  September 12, 2019

It’s the question of the day, the week, the month, the year, the entire damn era, submitted shortly before this morning’s open by Sven Henrich: “What is the true state of markets and the economy Read More

A Screaming Comes Across Their Screens

Stock Market By David Stockman.  |  September 9, 2019

“Price” today is being driven by a three-headed monster. There’s the mindless headline-reading algorithm. We have also the idiot day-trader. And, finally, it’s the momentum-riding speculator. It’s completely uncoupled from economic and financial fundamentals. Read More

How to Make Sense of This Market

Stock Market By David Stockman.  |  August 30, 2019

Did you know the stock market has basically done nothing for about the last year and a half? Check it out… That is only through August 27. Read More

Here’s What Happens When the Fed Cuts Rates…

Stock Market By David Stockman.  |  August 20, 2019

We’ve been here before. Indeed, it wasn’t so long ago. In August 2007, the Wilshire 5000 Index, the most comprehensive measure of the U.S. stock market, was trading around 14,430. Read More

The Global Market Is Buried In Hucksterism And Nonsense.

Stock Market By David Stockman.  |  July 22, 2019

Nostalgia for the 1960s is thick these days. I think it appropriate, in this moment, to note one of the intensely private Neil Armstrong’s few public statements about his experience. Read More

This’ll Blow Your Top Off

Stock Market By David Stockman.  |  July 10, 2019

On the day Federal Reserve Chair Jerome Powell testified before Congress about his concerns of an approaching recession, the stock market reached new all-time highs. Read More

Make Easy Money AND Forever War!

Stock Market By David Stockman.  |  June 20, 2019

Within seconds of its release, Wall Street heavyweights noted the absence of the word “patient” from a key passage in the official Federal Open Market Committee (FOMC) statement for the June 18-19 meeting. Read More

It’s a Matter of “When”

Stock Market By David Stockman.  |  May 7, 2019

Europe today is a powder keg and the leaders are like men smoking in an arsenal. A single spark will set off an explosion that will consume us all. Read More

The High Comedy of “Peak Trump”

Stock Market By David Stockman.  |  March 22, 2019

As a matter of fact, it will be generally found that the popular joke is not true to the letter, but is true to the spirit. Read More

The Fed Broke the Market

Stock Market By David Stockman.  |  February 21, 2019

This is less teaching than damage control. You may as well paint a house that’s on fire. Read More