Demented.

Poor David Rosenberg. By getting more constructive on the economy and the markets this year, he’s learned the truth about many of his fans and followers – it was never about his analysis, it was always about him adding intellectual heft to their pessimism and quasi-political, partially religious desire for the collapse of the system….

“Sentiment is Frothy”

“Sentiment is Frothy.” Is that all you got? “This will end badly.”  Okay, sure, probably, maybe. But what else? “Valuations are much higher than they were a year ago.” Yup. That’s true. So? Because you could have said “Sentiment is frothy” in the spring of last year after the market had run up 12% into…

Jack Bogle on the Cost Matters Hypothesis (CMH)

Jack Bogle does a little bit of fact-checking over the weekend after a handful of market writers falsely attribute the Efficient Markets Hypothesis (EMH) to he creation of his index fund product and investment philosophy. With Eugene Fama’s Nobel prize win, Vanguard’s brand and Bogle’s name seem to have been thrown around quite a bit…

The Infographic That Ate Wall Street

There’s some serious red meat in the below infographic for the low-cost passive crowd to chew on. I’ve probably blogged about most of these stats over the last few years in one form or another but I don’t believe I’ve ever seen them all in one place before… via Micaela Lacy:

The Groupthink Olympics, Fall 2013

Barron’s polled a 135 money managers, large and small, around the country for their cover story this week and the consensus is – hang on to your hats – bullish and cautiously optimistic. The gist of the piece is that there’s nothing else worth buying besides stocks and that next year we should see an…