Quick - give me your best debt-free mid-cap name!
On October 5, 2007, the S+P 500 closed at 1557, according to Google Finance. There may have been intraday highs slightly higher than this but I think that we can more or less agree that 1557 was close to the 'generational high' of our last American bull market. [more]
We are, of course, as you all know, in the middle of the largest financial engineering experiment in human history, in absolute terms but in inflation-adjusted terms as well. The US Federal Reserve, by setting nominal short-term rates at zero and then manufacturing money to buy billions of dollars in home mortgages and Treasury bonds at artificially elevated prices, has artificially inflated the money supply of the country, braked a severe recession, and caused the US to show GDP growth for the past few years. [more]
If you paid attention in 2010, you bought Graham (GHM) stock at 13 and change on my recommendation - and you're sitting on about a 110% gain. [more]