A momentous event just occurred this afternoon: For the first time in many years, the Chairman of the Federal Reserve went before Congress, set aside his rose-colored glasses, dispensed with most of…
Tag: securities
The Stock Market Is Starting to Look Toppy
From a big-picture perspective, the stock market’s advance off the March 2009 low is nothing more than a huge, bear market rally. To understand how I come to that conclusion, just look…
14 Risks with Supposedly “Safest” Securities
When AT&T, California, New York City or virtually any other borrower wants your money and offers its bonds for sale, it’s required to give you a prospectus that properly discloses all the…