Smart Investing Blog

A blog created for the independent investor interested in improving their investing results.

The Earnings Indicator

Last week, I introduced you to the “The Truth Chart.” This chart provides an array of the eight possible combinations of earnings, inflation and interest rates which may exist in Bull and Bear markets. We used it last week to chronicle the rise and fall of the market from January 1995 to the present time. […]

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The Truth Chart

Geopolitical concerns have dominated investor’s attention for the last few months, causing stock prices to wither and, more recently, soar on expectations of a quick victory in Iraq. The primary benefit of an easy win over Iraq is that it would eliminate a major factor inflicting pain on the market. Unfortunately, it will not solve […]

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Tomorrow’s Paper

The Wall Street Journal ran a front page story yesterday headlined, “After Long Boom, Weaknesses Appear In Housing Market.” This is very interesting and important stuff, but one of the things I have learned as an investor is that by the time I read something in the paper, it’s too late to take advantage of […]

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Henry the Huckster

CNBC reported today that Mr. Henry Blodget, Merrill Lynch & Co.’s Internet stock analyst, was in arbitration regarding his bullish recommendations on InfoSpace. This stock peaked at $138.50 on March 3, 2000 and now trades around $3.75. You may recall that Mr. Blodget, a little known analyst at CIBC Oppenheimer, made his mark, back in […]

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Not Surprised

Not  surprised. The media would have us believe that the “Crash of  ’87”  happened  like  a  bolt  out  of the blue. It didn’t.  Warning signs appeared months ahead. The  market was seriously overvalued when the mighty Dow closed at  2,709.5  on August 21, 1987. Our trustworthy VV-DJIA was at 2,184.3,  19.4%  below  the  Dow. Our  […]

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