As you are no doubt aware, on March 11th an earthquake measuring 9.0 on the Richter scale occurred just off the northeast coast of Japan, triggering a devastating tsunami.  At last report, more than 7700 lives were lost and as…

March 16, 2011 Editor’s Note: Mark started writing this most recent update on March 10th but as the events in Japan unfolded we decided not to publish.  The below article includes Mark’s thoughts on March 10th and then, in italics,…

I wrote back in December that rising bond yields threatened the cyclical bull market in stocks.  Over the next seven weeks bonds stabilized, allowing the stock rally to resume.  The inability of bonds to recover more than 20% of their…