It’s been a long-time coming, but my upcoming book—Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor (Bloomberg Press) is now available for pre ordering on Amazon.com. The scheduled release date is February 2010.
We’ll be discussing the book in more detail in the coming weeks and months. Meanwhile, for more information about purchasing a copy, click on the link below…

We’ve been there before only to end up disappointed. Could this time be different?
One day the recession will end and we’ll put a floor on the economy’s deterioration. Are we there yet? This week offered several reasons to cautiously answer “yes,” or perhaps it’s better to say “maybe.”
Today’s news certainly offers one more reason to think that stability may be returning. Both new housing starts and new building permits issued rose again last month, the U.S. Census Bureau reports today. For the second month running, both series scored respectable gains.

Save for Wednesday’s news that industrial production continues to slide, this was a modestly good week for dispensing numbers in favor of the idea that a trough in the business cycle may be near if it hasn’t already arrived.

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