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Stocks Marching to Their Own Drumbeat

Stocks ended last week at higher levels than just before the Japanese earthquake and tsunami.  On the surface that might seem ridiculous.  The nuclear situation in Fukushima seems to be stabilized but remains precarious, and a good portion of infrastructure in...

Under the Radar: Good News You Missed

Trading, unlike investing, works best when a strategy can be reduced to a single determining variable. For example, last year traders sold stocks on dollar strength and bought when the dollar fell.  Short-term trading (even so-called high-frequency trading) is always...

Christmas Comes Early: Leaders Compromise on Taxes

Monday evening, President Obama outlined the elements of a bipartisan compromise on the Bush tax cuts, which were set to expire at the end of the year.  We are instinctively cynical about Washington politics, so we were both shocked by the timing of the coalescence...

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