Death Knell for the Bull Market?

With money velocity collapsing and ominous divergences developing in both the NYSE Advance/Decline line and the New Highs/New Lows summation, U.S. stocks closed at an all-time high last week. If this were not disconcerting enough, the Hindenburg Omen, which signals an increased probability of…

Here’s some bracing news for the college crowd: There are 115,520 janitors in the U.S. with bachelor’s degrees or more. Just as surprising is that, even though 30% of the adult population has college degrees, only 20% of the jobs available require one, according to…

[Day traders have been abandoning the game in droves because it supposedly has become too rigged to beat. In fact, the markets have always been rigged, and it’s never been an easy way to make a living. Yes, thinking machines programmed mostly by nerds who know little about the psychology…

[The sun had already begun to set on exchange-floor traders in 1995, when I wrote this essay forBarron’s. Two decades later, open-outcry pits are nearly gone, and with them a simple, honest means of doing business that had brought buyer and seller face-to-face. This tradition, which went…

The financial system’s interminable endgame continued last week with a hiccup in global markets that was attributed to liquidity problems at a Portuguese bank. Some might have hoped Europe’s problems were behind us, especially with the spate of ginned-up stories…