November 2013

Barron’s Gets the Bubble Meme Exactly Right

Is there a bubble? Undeniably, there are few of them – in some areas of tech and in the IPO market. Also, some credit bubbles in terms of who can get debt financed at what price. But the entire marketplace or economy is not one giant bubble, as the Prophets of Doom will have you…

The Inevitable Year-End Melt-Up

Is a melt-up for US stocks into the end of the year inevitable? Will benchmark-chasing by the under-invested “professionals” push us into the 16,000’s on the Dow and the 1800’s on the S&P? Even the permabears like Hussman – while still predicting a crash eventually – concede that a continued run-up is more likely than…

“a form of delusion”

SnapChat is “worth” more than $3 billion. Okay, sure, depending on how you define the term worth. If by worth you mean what some other person is willing to pay for it, then yes, sure. But if by worth you’re referring to the amount of value that might someday be derived from it, well then…

This Week on TRB

Here were the most read posts on TRB this week, in case you missed them: Chilling Signs of a Market Top Everything You Need to Know About Stock Market Crashes Update: Intentionally Dumb 3D Printer Trade – One Year Later Lesson: Don’t Fight the Global Fed I Am The One Who Blogs: TRB Turns Five…

Chart o’ the Day: Has the Japanese Trade “Resolved Itself”?

The technicians spent the year watching to see in which direction the “Japanese Trade” would resolve itself after a blow-off top in the spring followed by six months of consolidation. For the uninitiated, the Japanese Trade is short Yen, long Nikkei, based on the alignment of the Japanese political establishment and the BoJ in the…