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• Daily stock tendencies by L. R. James

  ARTICLE SYNOPSIS ...Daily stock tendencies by L. R. James Most of us who have done a substantial amount of stock trading would agree that the broad market does a lot of funny things. In theory, the stock market is a vast, highly efficient mechanism that takes in information, evaluates it and adjusts its pricing according to its consensus opinion of the future. Over the longer term, that's basically what it does. However, over shorter periods of time, there are some interesting quirks in the way the market operates. One of the more interesting of these departures from efficiency involves changes in stock prices ...

AUTHOR: L. R. JamesDATE: JUN 1989

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• Regressions in hard commodities by L. R. James

  ARTICLE SYNOPSIS ...Regressions in hard commodities by L. R. James The possibilities for precious metals price rises are present, but so are the possibilities for their decline. The bond market and the Federal Reserve give every indication of being intolerant of anything more than low level inflation, raising interest rates in response. During the past few months, rates have moved further and further in the direction of an inverted yield curve. A few of the Commerce Department's economic indicators also have suggested some slowdown in the economy. So far, in this business cycle, precious metals have not kept up ...

AUTHOR: L. R. JamesDATE: JUL 1989