Bill Kort

ERRATUM — The Fed Minutes — Another ‘Irrational Exuberance’ Moment

in paragraph three of the post the number quoted as the December 1988 opening price for the S&P 500 was erroneously quoted as 743.25.  It should read 276.50. The original version of the post has been updated to provide clarity and reflect this change.

Ray Dalio

Totally Blown Away, But Not Totally Confused

Over the four-plus-year history of, I’ve often pointed out how totally disrespected and unloved the current eight-year-old bull market (four-year-old secular bull market) has been — ” … there’s no joy in Mudville ..” 7-31-16, “Born under a Bad Sign” 2-28-14. The lack of attention paid to its progress over the last two weeks as […]

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