Wall Street Journal

Our take on the investing, financial, & economic themes of the day

Thoughts on the 125th Anniversary of the Wall Street Journal

8 July, 2014 by Ben O'Brien in Commentary
Today the Wall Street Journal celebrated its 125th anniversary with a slew of interesting features such as a breakdown of the Dow Jones Industrial Average over 125 years and an interactive snapshot of the first issue which sold for two cents in 1896. It is remarkable that although so many ... read more...

The Cleansing Effects of a Market Correction

15 April, 2014 by Ben O'Brien in Commentary
From April 2 to 11 the S&P 500 fell more than 4%. In some previously high-flying pockets of the market the damage was much worse. Internet stocks and biotech stocks in particular took a hit. The NYSE Arca Biotech index dropped nearly 12% and the technology-heavy Nasdaq fell 6.9% during this ... read more...

“Bond Buyer’s Dilemma”

9 December, 2011 by Ben O'Brien in Commentary
The economist Burton Malkiel, who happened to be my professor sophomore year in college (Spring 1970!), wrote an article in Wednesday’s Wall Street Journal entitled “Bond Buyer’s Dilemma” that made many of the same points that I have been making for the last year or so. ... read more...

Avoiding Panic

9 August, 2011 by Ben O'Brien in Commentary
In yesterday’s Wall Street Journal Princeton economist and market commentator Burton Malkiel offered some wise words about the dangers of selling stocks in a panic: A strong dose of modesty is clearly in order. We all need to be aware of the limits of our ability to forecast future stock ... read more...

The case against investing in gold

14 March, 2011 by Ben O'Brien in Commentary
The Wall Street Journal today features two investment advisors squaring off over the he pros and cons of investing in gold (click here to read it).  There’s been a lot of this in the press lately. Where do I line up in these sorts of  arguments?  Probably in the I-wouldn’t-do-it camp.  Why? Our ... read more...