Author Archives: Jason Kelly

Kelly Letter subscribers read several times last year that they should prepare for bargains in the real estate market, not just because prices were falling and were expected to continue falling, but also because interest rates would get low. The rate targeted was 4%. Yesterday, as we expected, the Fed announced that it would enter […]

Dave Van Knapp of SensibleStocks.com has just published a new e-book called The Top 40 Dividend Stocks For 2009: Dividend Investing for the Long Haul. From Section 2: In the last quarter of 2008, the Standard & Poor’s (S&P;) 500 stock index registered more dividend cuts and omissions than increases and initiations. That made it […]

From Megan McArdle’s Asymmetrical Information blog at The Atlantic: Having defended Obama’s candidacy largely on his economic team, I’m having serious buyer’s remorse. Geithner, who is rapidly starting to look like the weakest link, is rattling around by himself in Treasury. Meanwhile, the administration has clearly prioritized a stimulus package that will not work without […]

On March 3, I wrote an article called Ultra Financials Stretch, from which the following: To give you an indication of where we are in this market, consider the popular ProShares UltraShort Financials ETF (SKF). Here’s its six-month chart: Notice that it’s back up at the $200 line, a level it pierced only in November’s […]

A business leader should manage their business well and be honest. Sounds simple enough, but we see both parts violated regularly. In the current recession, we’ve seen both violated so many times that it’s been easy to lose faith and think the entire country is sinking beneath incompetent liars. Not so! The third-quarter earnings call […]