Stock Market

U.S. Stocks: The Only Game in Town

There is widespread disbelief of this rally in U.S. equities, which is exposing myths about stocks. One such myth is that equities are tied strictly to economic growth. This intuitively makes sense, but the market does not care what we think should be true. Remember, equities rallied over 300% from 1932-1937 in the midst of the Great Depression. Warren Buffett understands this phenomenon, which is apparent from his Op-Ed in the New…

The Beginning of A Stock Market Crash?

Stocks are finally correcting from all-time highs and this is bound to get the bears excited. Obama’s approval rating is at all-time lows and the scent of war is in the air. We are overdue for a recession on a cyclical basis, and this just adds fuel to the fire for bears. That being said, I suspect this rally in stocks is not being appreciated as a secular bull market for…