— Record market highs we are experiencing relate more to capitalization weighted indices than strength in the average stock composing those indices — Tear apart the numbers and the results show we have been in a significant downturn in the simple average stock since February 2021 — “Aren’t you worried? The market just keeps going up and up!”…
Tag: Ed Yardeni
The Tradition Continues: September, the worst month to be in the market
“Stocks Roll Through Summer’s End. But Now Comes September” (you need a Barron’s subscription to view) It is September again and the perennially negative are out worrying about the calendar. “To paraphrase Mark Twain, September is a peculiarly dangerous month to speculate in stocks (Twain goes on to posit, to also paraphrase, so is every other…
Session 70–“The Dangers of a Market Melt-up”
I don’t just bash the media! I like to recognize thoughtful work when I see it, and I think the New York Times, Jeff Sommer has given us that in “The Dangers of a Market Melt-up.” The piece highlights the work of economist/ strategist, Ed Yardeni and money manager/market analyst Laszlo Birinyi. Both have been…