Mike Clowes
Mike was founding editor of Pensions & Investments in 1973 and then Editorial Director of P&I and InvestmentNews from 1998 to 2006.
If earnings drive stock prices, as academics insist, the key to the direction of the stock market is…
Are stocks cheap yet? On this long trip to heaven-knows-where in the capital markets, the stock market seems…
Alan Greenspan has taken a lot of flak for arguing that the Federal Reserve could not have headed…
If at the end of 1990 you had invested $1,000 in each of the 50 largest companies as…
Good news! The personal-saving rate rose in June to 4.2% of income, from an abysmal 2.3% for all…
Congress has passed the Sarbanes-Oxley Act, which requires CEOs of major corporations to affirm in writing that financial…
There is a story, possibly apocryphal, of a well-known money manager who told a conference audience that his…
Contrary to popular wisdom, stocks don’t always deliver higher returns than bonds, even in the long run. History…
What sparked the 1990s stock market bubble? U.S. pension funds are obvious suspects because they are large and…
When investors lose confidence in the stock market, they often switch at least part of their assets to…