A cautiously optimistic assessment of the S&P and Dow meeting their previous highs from 2000 and what the state of the market highs suggest, with respect to PE values and other indicators, for long-term investors.
A summary of the Federal Reserve’s shift in policy and transparency during the tenures of Paul Volker and Alan Greenspan. Discusses the changes in the Fed’s approach to monetary policy from managing money supply to managing short term interest rates. The new Fed Chair, Ben Bernanke, supports a Fed policy targeting inflation rather than interest rates or money supply. Reviews Mr. Bernanke’s credentials, his relationship with Congress and the market’s reaction to him since his nomination.