With Summers Out: Which Way for Stocks?

I've never been a fan of Larry Summers. Perhaps he was too smart for his own good. After all, he was responsible for driving Jack Meyer out of managing the Harvard endowment fund. Meyer took the Harvard Endowment from $4.8 billion to $25.9 billion in … [Read more...]

Is Obama’s Black Swan Coming Soon?

What is a "Black Swan"? According to Wikipedia... The phrase "black swan" was a common expression in 16th century London as a statement of impossibility. The London expression derives from the Old World presumption that all swans must be white … [Read more...]