Don Luskin

Don Luskin is Chief Investment Officer for Trend Macrolytics, an economics research and consulting service providing exclusive market-focused, real-time analysis to the institutional investment community. You can visit the weblog of his forthcoming book ‘The Conspiracy to Keep You Poor and Stupid’ at www.poorandstupid.com. He is also a contributing writer to SmartMoney.com.

Ownership Has Its Privileges

If you're reading this column, you're probably an investor in the stock market. That makes you a member of the approximately 60% of American households that own stocks, either directly or indirectly. That also makes you part of what President Bush likes to call the...

Fear is an Investor’s Best Friend

Fear is an investor's best friend. Fear makes stocks cheap, so that you can buy them at great prices. But, of course, to dare to do that, you have to be unafraid. It's a bit of a paradox. Stocks have soared since the climax of fear this summer -- a "bubble of fear"...

Scary Treasury Bonds

Here's and investment that's such a rip-off that Eliot Spitzer ought to be investigating it. It ties up your money for five years and produces almost no profits. And then you have to pay taxes on the profits you didn't make in the first place. Who would sell...

Hail to the Chief, No Matter Who He Is

"You are a flaming Bush-loving Republican idiot." So began an e-mail I received this morning about last Friday's column. There have been dozens like it in recent weeks because I've dared to be bullish on growth and tech, and because I've dared to argue that the stock...

Oracle is Free To Buy PeopleSoft: Chalk One Up for Capitalism

Despite record oil prices, rising interest rates, a flood of earnings warnings and a volatile election less than a month away, stocks have been heading steadily higher ever since they bottomed on August 12, with the beleaguered NASDAQ leading the way. Today's downer...

A Conspiracy Theory: Bush Contracts

See if you can guess which stock I'm talking about. This stock topped out in early January at 75. It steadily declined all year, hitting bottom at 49 on Aug. 12. After that, it rallied magnificently. On Monday it was trading at 65. Then something very strange...

Hot, Bubbling Oil

Crude is quickly approaching $50 a barrel, leaving no doubt in my mind that oil is in a speculative bubble -- very much like what happened to the NASDAQ in 1999 and 2000. Previoiusly I wrote about some of the forces behind the alarming price rise: increasing global...

Conventional Wisdom: A Test for the Market and For John Kerry

This week's national convention of the Democratic Party was a test for nominee John Kerry. It was a test for the stock market, too, with all the major indexes probing their lows for the year. It's no coincidence that these two tests occurred in the same week. The...

Intel’s Letdown

Despite the sensationalism surrounding Martha Stewart's sentencing on Friday, the disappointing earnings report out of Intel late Tuesday was the true big market event of the week. Shares of the chip maker lost more than 10% in Wednesday trading as investors...

How to Play the Rate Hike

I'm going to be on vacation all next week, riding horses on the western slope of the Rockies at the fabulous Home Ranch in Clark, Colorado. No phones. No TV. No Internet. No markets. So I'll miss the Federal Reserve's meeting on June 30. It'll probably make history by...

The Inflation Monster Is Back

The factor dominating the strategic situation is the long-overdue end to the Federal Reserve's patience in maintaining low interest rates. The single most important matter now facing the market is the urgent need for the Fed to raise interest rates -- now! This week's...

Terrorists Attack Already Priced Into Market

This column is going to be about what no investor wants to talk about: another terrorist strike on American soil, and how could it affect the stock market. How likely it is to happen -- and when? "When" is really the only question. Not "if." Who knows how many...

Buy, Buy, and You’ll Fare Well

Are your surprised that the stock market has broken out of its funk this week, even though it practically seems like the world is coming to an end? If you've been reading this column, you shouldn't be. Last week I said don't worry about high oil prices (they'll come...

Outsourcing: Threat or Menace?

Speech by Donald L. Luskin to the Corporate Finance Council of San Diego.Tonight I'm going to be talking about the controversy over "offshore outsourcing" in the context of a book I'm writing. My book is about the intersection of the science of economics, the power of...

Outsourcing: Threat or Menace?

Speech by Donald L. Luskin to the Corporate Finance Council of San Diego.Tonight I'm going to be talking about the controversy over "offshore outsourcing" in the context of a book I'm writing. My book is about the intersection of the science of economics, the power of...

 

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