Contributed by mm | February 4, 2004 04:39 PM
PST
SmartMoney threw out two articles, Is a Correction Brewing? and A March Massacre?, both warning that a market correction is in the making. The first article also features opinions from a number of top market insiders. Bill Gross is most pessimistic, saying "[Stocks] are relatively high. One of my favorite measures is the Q ratio [of stock-market value to replacement costs]. The Q ratio suggests stocks are significantly overvalued relative to plant and equipment." (Barron's, Jan. 19)
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An Unorthodox Earning Release (February 06, 2004)
"Big O" Overstock.com CEO Patrick M. Bryne delivered an unorthodox earning release. Unlike any of the "traditional" earning releases, Patrick attached a long letter to shareholders to the bottom of the press release; the letter discusses the ins and outs of the business and even ... Read
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One of my favorite personal finance columnist Whitney Tilson provided this good summary of various tools to short the market. Read
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Bill Gross's monthly Investment Outlook is always informative and thoughtful; this month's issue "The Last Vigilante" is no exception. It can be summarized as follows:
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January 2004 Investment Outlook by Bill Gross (January 10, 2004)
I have become a loyal reader of Bill Gross's monthly Investment Outlook. This January issue is somewhat mind-boggling. It mainly talked about four observations of the current fixed income market and is best concluded in this paragraph: "That history points towards an environment of lower ... Read
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