Monthly Market Comments

• 2009 Report Card, December 2009
• Long-term housing cycles, November 2009
• Long-term gold cycles, October 2009
• Long-term stock market cycles, September 2009
• Tales from the housing trenches, June 2009
• Bear market anatomy, May 2009
• Are you a Keynesian?, April 2009
• A mixed stock market strategy, March 2009
• Slow-motion housing cycles, February 2009
• Opportunities in 2009, January 2009
• 2008 Report Card, December 2008
• The financial crisis and the defense of free markets, November 2008
• Is the U.S. stock market finally a good value?, October 2008
• Against the bailout plan, September 2008
• Owning versus renting, August 2008
• The silent market crash, July 2008
• Asset class rotation, June 2008
• Price to rent ratios, May 2008
• The case for buying gold, April 2008
• The bleak outlook for the U.S. stock market, March 2008
• Why home prices will continue to fall, February 2008
• Introduction, January 2008

Market Comments Archives (pre-2008)

• What's happening with the big banks?, August 2007
• A who's who of awful times to invest, July 2007
• Value traps, June 2007
• Stocks not to sell to your mother, June 2007
• CME housing futures, April 2007
• The Dow Jones is on a tear, but in which direction?, April 2007
• A testable prediction, April 2007
• Don't bet the house on U.S. stocks, March 2007
• The state of housing, February 2007
• Back into focus, February 2007
• Thinking big picture, January 2007
• Housing map, December 2006
• More about housing: price to rent ratios, December 2006
• Housing has not hit the bottom, December 2006
• Caution: dollar devaluation in progress, December 2006
• Finally time to comment on Google, November 2006
• A historical look at gold and the Dow, November 2006
• Who cares about P/E ratios?, November 2006
• Thinking about historical P/E ratios, November 2006
• NYTimes: Gambling against the dollar, November 2006
• Fed watch: 2006, October 2006
• Go for gold, October 2006
• Dow hits 12,000 - time to buy?, October 2006
• Thoughts on CAPM, October 2006

Disclaimer: I believe the advice and information provided in this newsletter to be accurate and reliable, but no warranty of accuracy or reliability is given. The information provided on this site is of a general nature only and is not intended to be a substitute for your own professional advice. Any investment decisions must in all cases be made by the reader or by his or her investment adviser.