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Posts by: Joel Bowman

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Joel Bowman

Joel Bowman is managing editor of the Daily Reckoning and former managing editor of the  Rude Awakening. After completing his degree in media communications and journalism in his home country of Australia, Joel moved to Baltimore to join the Agora Financial team. His keen interest in travel and macroeconomics first took him to New York where he regularly reported from Wall Street, and he now writes from and lives all over the world.

  1. Daily Reckoning

    Deciphering the VIX Index and the Rally in Overconfidence • March 10, 2010

    Hip hip, hooray! Hip hip, hooray!
    Our little big bull market celebrated its one-year anniversary yesterday, albeit in tentative style. The Dow managed to eke out an 11-point gain, while the broader S&P 500 fared only slightly better. Investors, it appears, are awaiting the next catalyst to keep the momentum going. But are they running out …Read more…

  2. Daily Reckoning

    Seeds of War • February 28, 2010

    A while back, our colleague, Chris Mayer, employed a wonderful analogy to illustrate the passage of time from the roaring twenties through to the dustbowl thirties. The former decade, Chris explained, was captured in essence by F. Scott Fitzgerald’s The Great Gatsby. It was a period ripe with wild speculation, fueled by an explosion in …Read more…

  3. Daily Reckoning

    Global Energy Outlook: Getting Worse Before It Gets Better • February 24, 2010

    Markets in the US ended yesterday’s session in the red. The Dow was off by 100 points, or around 1%. The broader S&P 500 fell a bit harder, down 1.3% at the close. Gold slipped, too. The yellow metal sunk below the $1,100 mark and now trades for about $1,095 per ounce. Oil gained a …Read more…

  4. Daily Reckoning

    S&P P/E Ratios: Following the Icarus Flight Plan • February 22, 2010

    The Dow rose 11 points on Friday, or 0.11%. Binary code enthusiasts aside, that’s not much to get excited about, neither for bulls nor bears. In fact, the past couple of months have pretty much been a wash. Both the Dow and the broader S&P 500 sit more or less where they began the year. …Read more…

  5. Daily Reckoning

    Poorly Defending Government Spending • February 18, 2010

    The Dow rose about 40 points yesterday. Gold fell a few bucks. The dollar spent the day treading water. Nothing much to report there…
    But what’s this? It appears that a $787 billion stimulus package ain’t what it used to be, at least according to the Congressional Budget Office. The government’s spending watchdog (yes, such a …Read more…

  6. Daily Reckoning

    US Dollar: The Unsafe Safe Haven • February 17, 2010

    Stocks in, dollar out. That was the mood in the markets yesterday. One half we can understand. The other has us flabbergasted. That investors would sell the dollar seems like a no brainer. That they would buy stocks seems like a got-no-brainer. So, what gives?
    First, the comprehensible: The greenback slipped about half a percent during …Read more…

  7. Daily Reckoning

    Greece, Dubai and the Threat of Sovereign Collapse • February 15, 2010

    The Day of Reckoning is postponed, but not canceled. Markets in the US are closed today. Americans celebrate President’s Day, on which Bill offers some musings below. Trading across much of Asia is closed, too. Investors in China, Taiwan, Hong Kong, Singapore and Malaysia look to the heavens for guidance, wondering what the Lunar New …Read more…