The Hallmark of a Bubble, The Long Term Consequences of Massive Government Stimulus and Bank Earnings
Yesterday, the great Howard Marks came out with one of his memos. I consider Marks one of the Top 15 investors of all-time and I...
Author : Top Gun Financial Planning
A Tale of Two Stock Markets – The Internet Economy Versus The Real World Economy
We are, and have been, in a secular shift away from physical living towards online. I recently read a tweet that said COVID-19 has massively...
The Great Disconnect and The Fed Put
Everyone can see and feel that this is different and can sense the bizarre nature of the market response: we are in the top...
The Top Is Probably In
Let’s flashback to March 2000 when the Dot.com Bubble topped. The NASDAQ closed above 5,000 twice – Thursday 3/9 and Friday 3/10. And that was...
America on the Brink
George Floyd died at a moment of extreme dysfunction in American political life. Relations are so poisonous and so polarized between the parties that we...
Revisiting The 2007 Topping Process
Tops are a process; bottoms are an event – source unknown I started Top Gun in 2006 to capitalize on my conviction that the bursting...
Revisiting The 2007 Topping Process
“Tops are a process; bottoms are an event.” —Source unknown I started Top Gun in 2006 to capitalize on my conviction that the bursting housing...
The Consensus View And Why It’s Wrong
The consensus view is that this crisis is all about the coronavirus. Once the coronavirus is contained, markets will bottom, if they haven’t already, and...
Understanding The Consensus View And Why It’s Wrong
The consensus view is that this crisis is all about the coronavirus. Once the coronavirus is contained, markets will bottom, if they haven’t already, and...
Rethinking My S&P Price Target Under Civilizational Breakdown
The more I think about, the more inclined I am to think that we are heading for Civilization Breakdown, due to the collapse of the...