Despite a seemingly fatal blow from the Crash of 2008, stock buybacks live on, like the creature at the end of a horror film, whose sinister claws rises from the muck, just as the good guys are celebrating victory over evil. […]

Every since markets have existed, many have noted that people tend to go in the same direction at the same time — like schools of fish. This is the basic thought behind “technical analysis” and “chart reading” in stock and futures markets. It is also the idea supporting the concept of covariance in Modern […]

Stock price indices have been rising rapidly since early March 2009, but are still about 30% down from levels of mid-2008. It would be nice if this trend were to continue and we could all return to July 2008 and get on with our lives as before. Unfortunately, analysis of Federal Reserve flow of funds data indicates […]