74% of money managers are bullish on U.S. stocks, according to Barron’s, an all-time high by the magazine’s measurement.  Only 7% were bearish. Uh oh. “All-times highs in bullishness” is not something I generally like to hear.  If these managers are talking their book—and we have to assume they are—then this means they are likely...Read More

Has Big Tobacco stumbled into a new growth market in electronic cigarettes? Well, sort of.  Use of e-cigarettes—which produced a smokeless water vapor infused with nicotine—is expected to more than double in 2013, which might ordinarily be good news for the major tobacco giants. Altria (NYSE:$MO), Reynolds American (NYSE:$RAI) and Lorillard (NYSE:$LO) are all active...Read More