Owen

Values Have Dropped Less than 25% of the Fall Required to Reach Trend Status

Asset values behave in a lognormal manner, not linear. Any long-term chart using linear rather than exponential extrapolation shows a basic misunderstanding of price behaviour.

Plot the chart again using a log scale for prices, and everything will make more sense, and will, not surprisingly, coincide much better with reality.

Where's the Smartest Money Investing?

Retail mutual fund holders have a history of pulling out their money at the worst possible times. The last record for equity mutual fund redemptions (as percentage) was in 1988. As we know, that was followed by the biggest bull market in history, with over 400% return to those who stayed in.

The biggest inflows into equity mutual funds was in 1999 and early 2000, just before the tech bubble burst.

When you see mutual fund holders running, your best bet is to run the other way.

All That's Wrong with the AIG Bailout

Mr. Hornblass,

When has the government taken control of Lehman Brothers? That's news to me, as it must be to most readers.