During the DotCom Bubble of the 1990s, Jeff Skilling was invited to that temple of moral relativism, the Harvard Business School, to implant eager young minds with his lessons for success. I wonder who now has taken his place, at the height of the Great Buyback Bubble and whether they will suffer the same fate as […]

The Federal Reserve Board does not make a practice of announcing when the stock market is in the midst of a speculative bubble. It officially notes deviant market behavior only well after the event, when it is too late for investors. Most shareholders will not realize they are now in hazardous times — this […]

Google has come out with a new service called Google Alerts that is a great tool for tracking the madness of the US equity market. Sign up and enter the words ’stock buybacks’ and each day your email will bring proof of the lack of market rationality. Now, I’ve reported for some time (as many […]