– By Fred Dunlap – For Marty McFly, that rallying cry took him Back to the Future in 1985. Now 32 years later, much of the Wall Street crowd is coming to the realization that “Infinity and Beyond” could be the destiny for this bull market. In these historically-dismal seasonal months of August and September, when […]
Don’t Doubt “The Bull”
– By Fred Dunlap – On Monday evening, our reality TV shows were interrupted by the news of another North Korean missile launch. Gone for that moment was the thrilling conclusion of another episode of the Housewives of New Jersey… This time, the Pillsbury Dough Boy fired the missile over and through Japanese airspace, only to […]
A Correction, Anyone?
– By Fred Dunlap – Well, that felt good… Stocks were rallying on Tuesday, heading for new all-time highs. Then we learned the Triple Fs… Foggy’s Fire and Fury… Taken from the diplomacy playbook he’s been using on Jeff Sessions. And Mitch McConnell. And… Like a dog owned by Pavlov, the markets reversed immediately on Tuesday following […]
A Nervous Stock Market and the Angry Young Man
– By Fred Dunlap – “The Dow breaks through 22,000. The S&P 500 and NASDAQ are setting new records too. Company stocks are trading at new all-time highs.” These are the headlines in newspapers. They are the lead stories on cable news. Shoe shine pros in airports are chatting about their latest stock pick. And Uber […]
Happy Birthday to a Great Country…One which is Incapable of Making Difficult Decisions
– By Fred Dunlap – Happy Birthday to the United States! Today is the 241st anniversary of a helluva cage match between the Brits and those who disagreed with them. Breaking away from oppressive British rule seemed inevitable in the late 1700s. But doing so wasn’t without significant risk. No, it was a difficult decision, one which […]
Is Deflation a Good Thing?
– By Fred Dunlap – The European Central Bank (ECB) continues its lenient monetary policy. Mario Draghi, the leader of that pack, was taught this trick by the best and finest: Ben Bernanke and then Janet Yellen behind him. Widely held in the corners of Fed huddles and Central Banker yard parties has been the notion […]
Returning to Faber College
– By Fred Dunlap – Foggy is back in the States, fresh off a whirlwind adventure. He made some new Facebook friends in the Middle East–getting “likes” from them, it seems, with every post he puts up. They even adored “Covfefe…” And they are serving Covfefe at every notable restaurant. The Europeans, on the other hand, have […]
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