The euphoria, New Year’s Eve at the Big Casino, continues but the price will be high when it all ends and it will end because it is not this or that asset class that is in a bubble but the entire world that is a giant soap bubble that will float until the heat of the sun pops the thing in one ugly mess. I fear that subprime loans, dot.com fantasies, and the S&L crisis will pale when we are done with this party because, my friends, the bill for the festivities must get paid.

I don't relish the job of constantly pointing out the risks to the equity markets but since few on Wall Street seem willing (or able) to do this, I'm "making the call" for a market correction, as enough variables have aligned to indicate a high likelihood of stocks heading downwards from here. Words: 1203; Charts: 6

[In spite of the Dow now being at] a record high the Risk Premium Factor (RPF) Valuation Model shows that the broader market, based on S&P 500, is still undervalued by about 5%. [Let me explain further.] Words: 550; Charts: 1

Investing...is dead! It died when markets became dominated by political rather than economic events. Investing principles that worked for most of the last 150 years are irrelevant in today’s politicized world. Investors, whether they know it or not, have been forced into a gigantic game of financial chicken....We are all forced to play this game whether we consider ourselves investors or not. [Let me explain.] Words: 848

Analyst after analyst (in excess of 170 at last count) has been forecasting what the parabolic peak price for gold will eventually be. That being said, however, only 43 have been bold enough to include the year in which they think their peak price estimate will occur and they are listed below. Take a look at who is projecting what, by when and why. Words: 400

The economy is slowly hobbling back to health but for many Americans the rainy day fund is still looking a little dry, the credit card bill is still looking a little scary [Unfortunately, the liklihood is that,] as the economy strengthens further, many Americans will...spend their new found extra cash rather than save it. Words: 474

History shows that when investors experience a rapid decline in the amount of available cash in their brokerage account to spend/invest quickly such "negative net worth" leads to major corrections in the stock market. Currently such is the case so can we expect another such decline or will it be different this time?

The Dow has surpassed its all-time record high - set in October 2007 - and the S&P 500 is not far behind? Is this the early stage of another great bull market? Let's look back at the two previous times when the S&P 500 set new all-time highs and see if we can learn something. Wait...first put your "this time it's different" glasses on. OK, let's go. Words: 430; Charts: 1

The United States is one of the few countries to have experienced two currency collapses during its history (1812-1814 and 1861-1865). Is it about to happen again? Words: 1450

You will be surprised at the amount of trade between Canada and the U.S. and vice versa. Here is a list of the products involved each way - and both ways. Take a look. Words: 712