Sell in May? 9 Trillion Reasons to Say “No”

David R. Kotok

The old adage “Sell in May and go away” was good guidance for stock markets last year.  The market peaked on April 29 and bottomed out on October 3.  For a detailed discussion of this period and the subsequent bull-market recovery, see our new book From Bear to Bull with ETFs.  The eBook (ten bucks)… Read More

Sell in May?

Kip Robbins

This week, I bumped into a friend who remembered my article based on seasonal investing in which I suggested to buy around Halloween and sell in May.  He reminded me that May is soon approaching, and asked me whether I still felt that way.  After I published the article in the Fall, I purchased one… Read More

The Biggest Unknown in Financial Planning

Geoff Considine

In a recent blog post, I reviewed a new book on the future of the Equity Risk Premium (ERP).  For those who are not familiar with the ERP, it is the additional return that investors expect to receive for bearing the risk of owning company stock vs. owning a low-risk asset like government bonds.  As… Read More

Be Entertained by the Stories; Trust Only the Data

Robert P. Seawright

All of us who work in the financial markets have seen narratives like it thousands of times and said something like it ourselves almost as often.  From Alan Abelson in the current Barron’s: THE STOCK MARKET TOOK A wicked hit in last week’s early sessions on revived fears that the negotiations might fall through to… Read More

Housing Prices and the Economy: Is There Any Good News?

Geoff Considine

New data shows that housing prices are not improving. Nationally, prices have now dropped 34.4% from their peak in 2006.  Prices are now the lowest they have been since the end of 2002, according to the Case/Shiller index.  Robert Shiller, co-creator of the index and long-term researcher on housing prices, warns that risks remain and… Read More