Speculation

The activity of forecasting the psychology of the market. In the context of investing and using Benjamin Graham’s definition, "an investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."

What Retirees Should Make of the Low Volatility, No-Fear Market

The fear index seems to be signaling that all is well.

The Chicago Board Options Exchange...

The Potential Impact of a Dollar Crisis

A recent Business Week article discusses the possibility of a crash in the U.S. dollar and what the fallout of a dollar crisis might entail. The author, Peter Coy, asserts that most economists and investors are discounting the possibility o f a crash in the U.S. dollar.
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John Bogle Says Avoid the Stock Market if Your Time Horizon is Less than 10 Years

Vanguard founder John Bogle suggests that buy and hold investing is not dead. Similar to Warren Buffett, Bogle's preferred time horizon for equity investments is forever. Bogle urges caution for anyone who is thinking of investing in equity market with a time horizon of less than 10 years--which, by the way, would include almost all people who are approacing or in retirement: If you said "What kind of a time horizon should I have to be in the stock market?" If you are not in the stock market, I...
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