For the first time in decades, the S&P 500 is trading at fair value, according to several sources including the Financial Times of London. That is to say, the cyclically adjusted price-earnings ratio (popularized by Robert Shiller) has dropped to its long-run average. So too the Q ratio (invented by economist ...

“Grrrrrr,” I feel like saying. A hefty gain slipped through the fingers today. My leveraged ETF position, in the Horizon BetaPro 60 Bull Plus (HXU) fund, opened up 45% on the Toronto Stock Exchange this morning over Friday’s close (Monday was a holiday in Canada).

Re the coordinated rate 50 basis-point rate cuts by central banks this morning, including Canada's. Far be it from me to criticize central bankers, but my first response was "Holy Moley" and the second was "Oh that again..." Seems to me they have admitted that the situation is dire by ...

“Stocks are huge bargains, relative to all other asset classes …. U.S. stocks now trade at 13x forward earnings for an almost 8% earnings yield, while 10-year treasuries yield just 4%, making equities the best bargain in more than 60 years,” write Trapeze Asset Management in their latest investment letter. ...

Could the stocks of U.S. exporters be the next asset class to invest in -- as the typically delayed impact of falling real exchange rates is felt? The U.S. dollar has depreciated approximately 25% in real terms (exchange rates adjusted for inflation) since early 2002. That would seem to be ...

Allegations that Livent’s accounting staff conspired to frame Garth Drabinsky and Myron Gottlieb for criminal fraud grew larger yesterday as the defence accused Maria Messina of collusion and fabricating evidence to cover up her own involvement in accounting fraud at the theatre company.