Kass: Tops Are Processes – Part Deux

“Tops are a process, bottoms are an event.” –Wall Street adage Back in July I wrote about the possibility of a market top; that warning “bears” repeating in an updated form and version. In that column I wrote that tops are a process and bottoms are an event, at least...

Party Like It’s 1992?

Last week, Mark Hulbert warned of an indicator that hasn’t been this inflated since the “Dot.com” bubble. To wit: “It’s been more than 25 years since the stock market’s long-term trailing return was as low as it is today. Since the top of the internet bubble in March...