The following first appeared on Money & Markets. I had a good chat this week with a basketball buddy of mine. I realize this immediately raises two questions. And to answer the first one, yes, I am a 40-something white man of average height and sub-average knees, and I play basketball. I’m not claiming to...Read More

The following first appeared on Money & Markets. Last week, I asked what changes once the coronavirus scare passes, and what doesn’t. Today, we’re going to expand on that theme, looking at company earnings. We’re obviously not going to live under lockdown forever. Though I can tell you it’s starting to feel that way, and after...Read More

The following fist appeared on Money and Markets. We’ll never know the exact numbers, but I suspect a lot of Boomers will be delaying retirement for a couple years following the coronavirus bear market. While the S&P 500 is sitting at March 2019 levels, shares of the sorts of high-yielding stocks loved by retirees –...Read More

The following is an excerpt of “Is the Market Actually Cheap?“, which first appeared on Money & Markets. It’s not so clear that this is the generational buying opportunity some of the bulls seem to think it is. Let’s take a look at market valuations. This is where the cyclically-adjusted price/earnings ratio (“CAPE”) comes in...Read More

The following is an excerpt from What Changes Once Coronavirus Passes … And What Doesn’t?, originally published on Money & Markets. I don’t often go to the mall. I tend to avoid them like the plague. But that’s nothing new. I will dislike the mall no more post-coronavirus than I did before. I’m not alone. Americans...Read More