Investors groping for a bottom to the current bear market in stocks are searching in all the wrong places. Some are obsessing over the Federal Reserve's overnight rate policy. Some are perusing company results. Some are worrying over a potential recession. Still others are watching technical indicators to signal a washout bottom. But these are not the best tree
In "The Semiconductor Shortage (WSJ 3/13/21)," your editorial staff understates the problem of the American semiconductor supply chain. Aside from the Intel microprocessor, which has fallen a generation or more behind Taiwan-sourced AMD, not a single logic chip is made in America any more. They are designed here but manufactured at TSMC in Taiwan. This is an exi
Executive Summary: T+2 settlement days serves short sellers well by providing shares for them to borrow, and it serves brokers well by encouraging clients to open margin accounts that enable brokers to lend shares earning high double-digit annual rates of return, but T+2 is not a good deal for consumers, whose shares end up working against them because of a flagrant conflict of inte
