Stocks in S&P still reasonably valued, no bubble here.

I have already read one "expert's" comment that the new S&P record 'makes him nervous'. Per the linked article, the S&P's stocks are 45 % cheaper than in 2000. No bubble here. Let's move forward.



Bloomberg.com: Exclusive

Now this is a problem! False refinery fire story sends nutty traders into frenzy

How do you comment on this? The professional traders cannot not trade on news. Even incorrect news. Apparently it is not about real news, or even about rationality. It's about out-trading the other guys. So what's to stop some jerk of a stringer for a TV station from calling in stories to help his friend the speculator?



Web site error rocks global oil markets | Technology | Reuters

Back Again! Equity Index Annuities' Sold to Old People Generating Lawsuits

The fact that these things have significant commissions has absolutely nothing to do with that salesman's desire to sell you one. Whether you will be happy with it several years from now -- well, he'll still have his commission, won't he? You need an investment advisor who is a good fiducuary. Hat tip to the always interesting Kirk Report.



Equity index annuity insurers are facing more lawsuits - InvestmentNews