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Bond funds are all the rage these days. While stock funds keep losing assets as investors yank their money out, bond funds are gathering billions. Since March of 2011 investors have pulled $163 billion out of stock mutual funds. On … Continue reading
The other day I read an article bemoaning the state of the US economy. I read pieces like this every day, but one comment stuck in my mind. The author pointed out that the American consumer might be in a … Continue reading
The Great Bond Swap is underway for holders of Greek debt. In this exercise, Greek bondholders “volunteer” to let Greece default on the bonds they own now in exchange for fewer new bonds structured with lower interest rates and longer … Continue reading
A stock’s price/earnings ratio describes how much an investor pays for that company’s earnings. The math is simple: it’s the price of the stock divided by recent earnings per share. If the stock price is $20 and the earnings are … Continue reading
In the last two days, two headline investors have opined on the stock market, and their bias is positive. Larry Fink, who runs BlackRock, one of the largest investment companies in the world, is on Bloomberg news indicating that investors … Continue reading