Stocks Were Bound to Correct

Stocks Were Bound to Correct

May 5, 2025 A lot has happened in the markets in 2025. But the truth is stocks were due to fall, whether from tariffs or something else. Not long ago, the stock market was trading at the highest prices measured against earnings. Stocks were more expensive than in 1929...
Wall Street Is Bad at Predictions

Wall Street Is Bad at Predictions

April 21, 2025 In 2022, Wall Street predicted stocks would rise 5%. Stocks fell 18%. In 2023, for seemingly the first time ever, Wall Street predicted stocks would fall. Instead, the S&P 500 soared 26%. In 2024, Wall Street aimed too low again, forecasting the...
Is This a Bubble?

Is This a Bubble?

March 24, 2025 In this century’s first decade, investors had an opportunity to participate in and lose money due to two spectacular bubbles. The first was the technology-driven dot-com bubble of the late 1990s that began bursting in the mid-2000s. The second was the...
The S&P 500 Is Not Diversified

The S&P 500 Is Not Diversified

March 3, 2025 Surely, you’ve heard about “not putting all your eggs in one basket.” This overused cliche stresses the importance of diversification (spreading out risk across a group of investable assets). For stocks, advisors often suggest a basket of 20-30 stocks to...