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The Wall Street Journal is reporting that along with stocks, the high yield bond market suffered an intense bout of volatility during the month of August.  Like fearful U.S. equity investors, high yield (HY) investors have been lowering asset class exposure due to recent U.S. …

Apple Computer (COMP: AAPL) shares opened sharply lower today on news that Steve Jobs has submitted his resignation to Apple’s board of directors.  Wow!   That is a big announcement, but is it really that bad for the stock price?
The answer is nobody really knows.  However, …

As the market was swinging back and forth in 100 point increments yesterday, I was reminded of something an old Wall Street friend of mine, who was very old school, used to say about the kind market we’ve seen lately.  He would say, “the scurrying …

Unlike most economists and portfolio managers I know I’ve always thought that the best economic forecasting tool was the stock market itself, which is why I wrote “What’s the market signaling” a couple weeks ago.  So using the “stock market is the best forecaster” logic …

Over the past weeks the stock market has been especially turbulent.  “For the first time in history the market moved by more than 400 points over four consecutive days.”  (WSJ August 12, 2001)
I was talking to my retirement age father the other day and he …