CalPERS, like other public pension funds, have fallen well short of their funding requirements. This has caused them to open up a little, in a way that is at least a start. The California Public Employees’ Retirement System, known as CalPERS/Calpers, is the largest public pension fund in the United States, with $400 billion in […]

The U.S. dollar has been the world’s dominant currency for a very long time, but Yale economist Stephen Roach sees this coming to an and with the U.S. dollar set to collapse. Among the victims of the economic lockdown that most of the country had put into place in response to the COVID-19 pandemic is […]

With the huge decline in air travel lately, airlines have been dealt a big blow and have had to come up with ways to survive. Is American Airlines too sick to put money on now? Among the major air carriers in the U.S., American Airlines has held the most debt, but they had a good […]

Truck maker Nikola’s IPO that launched on June 3 has been red hot, doubling in price already. The amount of short interest in it is causing concern for some people though. When people invest in an IPO, they often do with high expectations, perhaps remembering some famous ones that ended up being moon shots, the […]

We may not want to always trade like institutional investors do, but sometimes it pays to think the way they do, and even follow them as they look to buy the dips we’ve seen lately. Whenever we see markets sell off, like we did in February and March, the first thing we need to do […]

Retail investing has experienced a surge since commissions have disappeared. This should only be seen as a good thing, but only if you are not very confused about investing. We should find the criticisms that are being made about the increased participation of retail investors pretty amusing, where critics lay bare all sorts of fundamental […]

Among the things that have emerged during the crisis that we’ve faced this year is a huge surge in retail accounts, with many used for day trading. People do need to be careful. As good of a year that 2019 was for the stock market, we actually saw a decline in the amount of retail […]

In the aftermath of the civil unrest that accompanied the recession of 2008, Ray Dalio has been predicting something much bigger coming with the next one, and he was right. Just about no one saw this coming, the extent of the unrest in the wake of the death of George Floyd at the hand of […]

Things were proceeding so well for stocks in their recovery from getting hammered over coronavirus fears. We got drunk and overdid it, we sobered up, and now we’ve hit the bottle again. For many, it can be very difficult and even maddeningly so to try to figure out what drives the stock market day to […]

Car rental stocks took a particularly big hit from our self-imposed quarantine, like all travel stocks did. They have started to come back, but some remain quite leery. While people rent cars for other reasons, such as when their car is being repaired, the great majority of rentals happen when people fly to a destination […]