alibi

Stock Market’s Demise has been Called by Pundits

February 3rd, 2017|by Michael Ashley Schulman, Perspectives|

The demise of the stock market has been called by pundits for almost a year with different reasons cited; an earnings recession, a real recession, expectations of declining margins, Chinese yuan depreciation, rising Donald Trump polls, Brexit, Trump’s win, valuation metrics, upcoming European elections, […]

Stock Prices Have An Alibi

August 12th, 2016|by Michael Ashley Schulman, Perspectives, The Big Picture|

Unicorn AlibiSummary:

  • High and low markets provide similar anxieties
  • European banks remain a source of Bear Stearns type risk
  • LIBOR rates are rising even as central banks keep their own rates low
  • Nonetheless, earnings determine asset […]