People ask me why I am so negative on America. Not the least of my concerns is that U.S. corporations have long been splurging so much on buying back their own shares. Of course, investors love the trend and, as an investor myself, I know that buybacks often do wonders for a share’s short-term performance.... Read More

Apple‘s stock price is down nearly 10 percent from its September all-time high. Does this presage a fundamental change of direction or is the stock merely taking a breather before soaring to new highs? It is a big question with countless billions riding on the answer. I have been around long enough to know that... Read More