Do You Suffer—or Benefit—from ‘Crisis Mentality’?
There’s no better fuel for a crisis than more crisis. According to Bloomberg, James W. Paulsen, chief investment strategist at Wells Capital Management, says “crisis mentality” is so widespread that swings in U.S. stocks can be attributed mainly to the level of investor concern. Crisis of mentality’s byproduct is volatility. According to CNBC, major averages flounder, affected by heavy market...
None of *Our* Books Have Been Banned—Yet
Apparently, Sherlock Holmes was a bit off in his calculations. The solution to a puzzle isn’t always elementary. Sometimes, it’s a matter best left to middle school children. Or, at least, their parents. That’s the case in the Albemarle (Va.) County School District. As reported earlier this week by the LA Times, Sherlock Holmes: A Study in Scarlet is no longer considered suitable reading for...
Screw Hope; How's About a Plan?
Today’s financial news headlines don’t inspire much hope: Stock market tanks; Obama ‘recovery’ is a fantasy U.S. Stock-Index Futures Decline; S&P 500 May Fall for 8th Day Jobs report: Better than horrible These and other stories are enough to leave even the calmest feeling a bit rattled. This morning while getting my oil changed, I was annoyed by a waiting room companion who was watching the...
U.S. Federal Reserve leaders said recently that they’ll revisit derivatives rules if a global agreement on margin requirements couldn’t be reached. It’s about time, but I reserve the right to be skeptical. I’m optimistic about nearly everything, but this whole situation receives a cynical snort of derision from me. As Financial Times notes, oppressive rule-making in the United States has harmed...