The stock market hasn’t returned a single red cent in over twelve years, as measured by the S&P 500. Twelve years is a long time to go without earning a return on your investment, particularly if you are close to retirement. With the boom years of the 1980s and 1990s now a distant memory, it...Read More

If there is one asset class best avoided in 2011, it’s gold. At the expense of sounding overly dramatic, gold is an investment whose fundamentals are rotting from within, and you do not want to be anywhere near it when the bottom falls out. In late November, I wrote a short piece for Seeking Alpha...Read More

I’m going to start this month with a prediction that might surprise you. I do not think that bonds are in imminent danger of a crash. I do agree with the growing legion of investors—including the legendary Warren Buffett himself—who believe that the bond market is in a “bubble” of sorts. And I would certainly...Read More

In pre-republican France, upon the passing of a sitting monarch the Duc d’Uzès would proclaim “The King is dead. Long live the King!” The idea, of course, was that a new king was rising up to take the place of the old. The Crown as an institution was alive and well; it was just that...Read More

This article originally appeared in the November 2008 HS Dent Forecast Newsletter. In the year and a half that has passed, the key insights remain: this recession is fundamentally different from all others of the post-WWII era. On Friday, October 24, 2008, the Financial Times reported that swap spreads turned negative. It would be easy...Read More