Richard Dwyer

We're Trapped in a Market Going Nowhere Fast

Don't forget that the economy may tank while stock prices rise nominally (not in real terms) due to inflation. Inflation creates an upward price bias as our stock market is denominated in dollars.

Time to Be a Cautious Investor

There is an excellent Warren Buffet piece in the New York Times in which he concedes that inflation is on the horizon. It is a must read. Stocks may rise nominally but still lose value in real terms. Expect a wealth transfer from creditors to fixed rate debtors.

8 Takeaways from Nassim Taleb CNBC Interview

Excellent summary. I believe Taleb is right. The market remains overbought, and the underlying risk is unchanged. Our public debt has ballooned and the forecasts are meaningless. We don't even understand the risk involved in our government policy (bailouts, Cash for Clunkers, etc.).

I see a pullback on the horizon.

Is China the Next Great Bubble?

Excellent piece. Right on point. Gary Schilling agrees with you.

Many - Goldman Sachs - do not.

The market will be in for some turbulence when it decides which camp is correct. Should China be overpriced, the global recession could deepen.

3 ETFs That Beat Back the Bearish Downturn

Good information! Don't forget about Ultrashort ETFs which have been thriving by shorting bearish sectors. Readers might want to consider SRS (which shorts real estate) and the SKF (which shorts financials).

Melco PBL Entertainment: The Crown of Macau

Excellent analysis. Macau will be bullish for a very long time. And MPEL should be too.

Qualcomm: A Technical Look Suggests Further Weakness (QCOM)

The techinicals do look uninspiring. But the fundamentals suggest bullishness. Expect upside following the earnings report next week.

eBay's Stock Drop: Is it G-Checkout or Hype Over Skype? (EBAY, GOOG)

Excellent piece. EBAY's Skype overpayment becomes more evident with each VOIP entry (AOL's expanded AIM service, Yahoo's new expanded messenger, etc.) The competitors now have the capability without the heavy price tag. Still, EBAY is undervalued as EBAY store listings are soaring.