A new pecking order is emerging for sectors: Long utilities, airlines and consumer discretionary
Short emerging markets, coal and metals This might sound strange coming from me, given that I have mercilessly beat the drum on how low rates in the... read more »

Judging by a discussion on CNBC's Fast Money program on Tuesday, it's time to sell JPMorgan Chase (NYSE: JPM). Joe Terranova, a regular panelist on the show, extolled the virtues of the megabank, but it rang hollow to my ears. After initially observing how... read more »

In my recent articles, I have attacked the popular notion that low interest rates will help the economy recover, arguing that they cause capital flight and remove the very resources needed for growth. After all, most investors and corporate executive are... read more »

I write this column for the love of money—literally.Money as we know it is taking a beating at the hands of central bankers and pork-hungry politicians. It's time to remember what money is before we let them destroy it completely. Money has two key... read more »

Markets rallied hard yesterday after the G-20 "agreed to maintain support for the recovery until it is assured." This news was a fitting sequel to last week's move by the Federal Reserve to continue their policy of keeping interest rates... read more »

As the Book of Ecclesiastes says, there's a time to weep, a time to laugh, a time to cast away stones and a time to gather stones together.The same is true in the market. There's a time to buy, a time to sell, a time to break out and a time to consolidate. In... read more »

The old cliché sure is correct: Stocks do climb a wall of worry. At yesterday's open, everything seemed to point to the downside. Overseas markets had been falling all night, futures were lower and the U.S. and China had just fired the opening salvos of what... read more »

It's time to revisit the 200 day moving average, which has fallen back into obscurity after a brief moment of fame in early June. Something noteworthy is underway: After 393 sessions of declines, it's starting to turn back up again. The 200 day officially... read more »

Has Robert Shiller, famed Yale University economist and home-price maven, lost his mind? Judging by some of the comments he made in recent interviews on Yahoo's Tech Ticker, one might suspect he's no longer fully in touch with reality: First, he said that... read more »

Many observers worry the government's massive spending programs and fiscal deficits will produce runaway inflation. I understand this point of view because I used to share it. But after studying trends in the credit market and economy, I see little basis for... read more »