Payday Loans Now
  • Current Conditions

  • Current Conditions

    Current Conditions

    The stock market is extremely overvalued, but not yet a Bubble.

    image001 image002

    GMO_7YrForecast_Aug14

    Investor sentiment is highly bullish, which could help stocks in the short-term. However, this level of bullishness occurs as major maker tops form.

    image001

    The stock market’s momentum is still upward.

    image001 image002 image003

    The economy is likely to continue its slow growth.

    image002image002

    image004

    The expected return from bonds is low, but better than for stocks.

    Exp Bond Ret

    As investors “reach” for income in their portfolios, they have been taking on increasing risk, as evidenced by the low yields and spreads in junk corporate bonds.

    image001 image002

    Print Friendly

    Print Friendly
  • More from Current Conditions
  • Recent Articles

  • Recommended Listening: 9/30/2014

    I did not plan to send out any more posts, but today I listened to an extraordinary podcast from This American Life. This podcast reveals secret recordings from inside the Federal Reserve Board (FRB). I found the contents of the podcast sickening. The person doing the recording was an employee hired after the Great Recession to help bolster the oversight of the banking system. What she found was a culture in which FRB regulators were deferential to large bank officials. In effect, FRB staff was “in bed” with the banks, walking on eggshells when they should have been asking tough questions.

    This podcast shows that the FRB was not doing its job in policing the banks prior to the collapse of the banking system and is still not doing so. Unfortunately, the podcast makes me afraid that the FRB will once again allow the banking system to take too

    Print Friendly
  • The “New-look” Bears Eat Bulls

    After receiving some comments about my decision to shut down Bears Eat Bulls, I have decided to keep it going, but only to give readers a few of the charts that I watch most closely in evaluating the state of the financial markets. Clicking on “Current Conditions” in the upper portion of the website will get you to these charts. I plan to keep these few charts fairly up-to-date. When there is something important to say about any of these charts, I will imbed a comment.

    RXH

    Print Friendly

    Print Friendly
  • Everything Has Its Time

     For everything there is a season, and a time for every matter under heaven- Ecclesiastes 3:1

    About three and one-half years ago, I began posting on BearsEatBull.com. In doing so,  I had three primary goals:

    1. To give my children some investment knowledge and wisdom,
    2. To force myself to into a discipline that would keep me abreast with markets and the economy, and
    3. To stimulate discussion with others about the investment environment, the one thing I really missed about leaving the investment management business.

    Certainly, I accomplished my first two goals. The third goal, however, was elusive, probably because my writing was either too difficult to understand for the average person or not in-depth enough for professional investors.

    In any case, the time has come for me to wind down BearsEatBulls.com. This is not because I failed to achieve my third goal. The process of writing BearsEatBulls.com has

    Print Friendly