stock market

NVDA Shows Stocks Gain Boost From Fundamentals, Not Fed

As is well known now, Nvidia shares tumbled something like 17% last Monday. Was this bad news from the Fed about its plans for interest rates? The question isn’t serious. Stock prices are a reflection of market expectations about all the dollars companies will earn in the future. Nvidia in particular shows us why […]

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The Crucial Difference Between High W-2 Income and Equity Wealth

Fairfax (VA) and Montgomery (MD) counties are routinely at or near the top among U.S. counties on the matter of per capita income. The politically focused use the latter for political purposes. Get it? Federal government workers and workers adjacent to the federal government earn a lot of money. The income statistics are disturbing,

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We Need ‘MAGA’ Companies To Power the Next Stock-Market Boom

Stocks are at record highs. More encouraging, if President Trump keeps the same focus on the Dow during his second term as he did his first, the record-setting closings of today should pale in comparison to what’s expected by the end of his four-year term. But to power another stock market boom, Trump must

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Intel’s DJIA Exit Mocks Silly Notion Abt. Fed Boosting Stocks

Promoting his new book over the summer, economist Ruchir Sharma managed to get one of its main themes splashed all over the media: “When the price of borrowing money is zero, the price of everything else goes bonkers.” Ruchir was talking about the stock market, and promoting the falsehood that when the Fed makes

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Hindsight Is Not Discovery’s Coefficient

“Why can’t you pulverize the market just by buying the stocks with the highest share prices?” The previous question was asked by Jason Zweig, author of the rather excellent “Intelligent Investor” column in the Wall Street Journal. Would it that staffers within the Department of Justice’s (DOJ) antitrust department were regular readers of Zweig. In particular his

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The Cure For Visa’s Market Dominance Is Visa’s Market Dominance

“We don’t take American Express.” Those five words kept coming to mind last week while reading about the Department of Justice’s (DOJ) antitrust case again Visa. To which some will reply that the DOJ’s lawsuit isn’t about competition in the credit card space, rather it’s about Visa’s alleged abuse of its supposedly “dominant” position in the

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If Paul Pelosi Is Why Visa Angers You, You’re Missing the Point

It was reported last week that Paul Pelosi, husband of former House Speaker Nancy, recently sold a sizable amount of Visa stock. Actually, it wasn’t that recent. July 1st to be exact. But since Pelosi’s sale preceded the September 24th announcement of the Department of Justice’s (DOJ) antitrust case against Visa, it got people

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