by J. Paul Horne, Independent Market Economist* Europe must be grateful to Greece for dramatizing: how the Euro is fundamentally flawed; how the Euro’s failure could cause a financial-economic disaster; and how European Union (EU) leaders must, despite all their differences and electoral setbacks cooperate to avoid a Greek tragedy. This week will be crucial [...]
Read moreBy J. Paul Horne, Independent International Market Economist* Well, he’s in with nearly 52% of the popular vote as Sarkozy was rebuffed with barely 48%, only the second President of the Fifth Republic to be voted out after only one term, a major political reversal for the right. Sarko paid the price of the financial [...]
Read more DownloadThe old adage “Sell in May and go away” was good guidance for stock markets last year. The market peaked on April 29 and bottomed on October 3. For a detailed discussion of this period and the subsequent bull-market recovery, see our new book From Bear to Bull with ETFs. The eBook (ten bucks) is now available on Amazon.com. Paperbacks by month end and other channels of distribution like iBook and Nook are coming. Please note that profits from this book will be donated to the Global Interdependence Center.
History shows that ‘Sell in May and go away’ has applied when the Federal Reserve was in a tightened mode during the six-month span from May to November. If the Fed was actively raising interest rates, withdrawing or constricting credit, imposing additional reserve requirements, or taking an action that was of a tightening mode, stock markets were usually punished in that six-month period.
Read moreRe-Examining Central Bank Orthodoxy for Unorthodox Times: Inaugural Meeting of the Global Society of Fellows of the Global Interdependence Center
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