Author Archives: Jason Kelly

Everywhere you look, people are debating whether last Monday’s S&P; 500 plunge of 8.8% combined with yesterday’s 8.3% loss at the lows and 3.8% loss at the close is the capitulation we need to call a bottom. Was the last-hour recovery yesterday a sign that the tide has turned? Here’s a round-up: Mark Hulbert: “It’s […]

This is a tough time for bottom callers. Mark Hulbert wrote last week that the best market timers in his database are bullish, while the worst ones are not. Steve Sjuggerud wrote: U.S. real estate is no longer a bubble. It’s affordable once again. The median family can afford the median home in most of […]

I spent some time yesterday walking around Caruso Affiliated’s new Americana at Brand center in Glendale, Calif. and then meeting some investor friends, of both the real estate and stock market variety. I even toured the Excelsior luxury condominiums at The Americana, as I’m looking to buy more California property in the current downturn. The […]

A special “Monday Meltdown” update was sent to Kelly Letter subscribers this evening. To see it and the complete archives including last Sunday’s note and the special “Shock in September” issue, please add your name to the list. Keep your chin up!

To nobody’s surprise, the $700 billion bailout is on paper and ready to save the nation. To celebrate, global stock markets…sold off hard. Overnight: -1.3% Japan -4.3% Korea -2.8% Germany (9:15 a.m. Eastern) -2.9% London (9:15 a.m. Eastern) Why? This excerpt from yesterday’s Kelly Letter points out a little something called the economy that got […]