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Yellen’s Ice Bucket Challenge 08-25-14

If you’ve watched television in recent weeks, you’ve likely seen some famous person or other taking the “ice bucket challenge.” Designed to raise awareness of ALS, better known as Lou Gehrig’s disease, the challenge involves dousing oneself with gallons of water to raise funds for the cause. Read more about Yellen’s Ice Bucket Challenge 08-25-14

Exceptional Resilience 08-18-14

The global economic picture has seemingly darkened in the past few weeks. Last week, in particular, the newswires were abuzz with disappointing economic reports from abroad. Bond markets have reflected mounting growth/safety concerns, with the U.S. 10-year Treasury yield declining to less than 2.4 percent (down from 3 percent in January). Read more about Exceptional Resilience 08-18-14

A Warning Everyone Should Heed 08-11-14

In recent months we’ve repeatedly cautioned against getting too excited about the immediate prospects for the stock market. Our thinking, which has so-far proven to be correct, is that the near-term upside potential for the major market averages is quite limited in light of current high valuations. Read more about A Warning Everyone Should Heed 08-11-14

Don’t Confuse a Hiccup With a Heart Attack

Stocks, using the S&P 500 as our benchmark, turned in their worst week in more than two years on Friday, down 2.7 percent. The Dow Industrials fell slightly more, while the NASDAQ was off 2.2 percent. Market watchers attributed the selling to several factors, including a Portuguese bank in need of a bailout, a European continent several inches closer to outright deflation, faster U.S. Read more about Don’t Confuse a Hiccup With a Heart Attack

A Better, But Not Great Earnings Season 07-28-14

We’re near the midway point with the second-quarter earnings season, and it’s shaping up as the best since at least the first quarter of 2013. Read more about A Better, But Not Great Earnings Season 07-28-14

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