Lance on Jan 25 2008 | Filed under: Asset Allocation, Domestic Equities, Risk, Taxes
Where Have Buybacks Gone, asks the Wall Street Journal? I cannot tell you how often I heard that buybacks were going to keep earnings strong (Ken Fisher in particular comes to mind.) As the Journal points out, that can dry up if people need the capital, or in a related issue, have loaded themselves up [...]
Lance on Jan 15 2008 | Filed under: Economics, Politics
Alea notices that a widely cited paper claiming that Democratic Presidents are better than Republican presidents for the stock market doesn’t hold water:
This paper shows that the statistical tests applied by the authors of the study were wrong, and that, once corrected, the difference in stock market returns under different presidential regimes is not meaningful.
The [...]
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