If our history of government shutdowns is any indication, this one probably won't last more than six or seven days. And investors shouldn't worry too much.
FORTUNE -- For the first time in 17 years, the government has shut down. Hundreds of thousands of federal employees will be temporarily out of jobs, potentially costing the economy about $1billion a week in lost pay by furloughed workers. Non-essential government employees from park MORENin-Hai Tseng, Writer - Oct 1, 2013 5:00 AM ET
It now costs $46,570 to insure $10 million of U.S. bonds against default for one year, up from just over $8,000 in mid-September. But it's not necessarily a Big Short.
FORTUNE -- A lot of people have noted that at least up until this week, investors have largely shrugged off the possibility of a government shutdown or default.
But that's not entirely true. There is one market where investors seem to be MOREStephen Gandel, senior editor - Sep 30, 2013 9:27 AM ET
The author of the new Dao of Capital -- a hedge fund manager and former top trader for Nassim Taleb -- sees a 40% drop looming in the S&P 500.
By Scott Cendrowski, writer
FORTUNE -- "You know what I mean?" Mark Spitznagel has just finished explaining one of the paradoxes of today's business world. Spitznagel, 42, is the hedge fund manager who returned more than 100% during 2008. He was Black Swan MORESep 25, 2013 12:54 PM ET
A Berkeley professor finds out just how much a certain type of high frequency trading costs the average investor.
By Rob Curran
FORTUNE -- Two recent studies of latency arbitrage suggest the stock-market structure needs a remodel if it's ever going to stop billions of dollars going from unwitting investors into the pockets of high-speed trading firms.
"Latency" refers to the time it takes for a stock quote to get from an MOREAug 30, 2013 8:31 AM ET
What a rigorous metric called "EVA" says about the value of stocks. Hint: it ain't pretty.
FORTUNE -- Forget P/Es. Trailing, forward, westward, or eastward, the venerable price-earnings ratio tells you little more about the value of a company than its marketing budget. Or (ugh!) its "consensus analyst rating."
The best measure of how companies perform for shareholders is a wonkish tool called Economic Value Added, or EVA. The advantage of EVA is MOREShawn Tully, senior editor-at-large - Aug 19, 2013 8:51 AM ET
Value stocks -- not growth ones -- are leading the market rally.
FORTUNE -- Economists have their sights set on better growth ahead.
Earlier this week, the Federal Reserve said in its monthly statement that while growth was still "modest," it expects the economy will pick up from its current pace. Indeed, on average, economists are expecting the GDP to grow at 2.8% next year, and 3% beyond that. That would be MOREStephen Gandel, senior editor - Aug 1, 2013 3:17 PM ET
A historical look at periods when the 10-year Treasury yield spiked significantly should ease stock investors' worries.
FORTUNE – Interest rates are expected to soar further, but don't expect that to ruin the bull market in U.S. stocks.
The yield on the 10-year U.S. Treasury note has risen sharply since May when the U.S. Federal Reserve hinted it may cut back on $85 billion in monthly bond purchases, a policy that's driven MORENin-Hai Tseng, Writer - Jul 11, 2013 10:29 AM ET
Despite slower earnings growth expected overall this earnings season, America's big banks aren't sweating it.
FORTUNE – U.S. stocks rose Tuesday as earnings started on a positive note with Alcoa (AA) beating Wall Street expectations. Though some still consider the industrial giant a bellwether for earnings across corporate America, it's unlikely to say much about how other companies will have fared during the three months ending in June.
Analysts expect to see MORENin-Hai Tseng, Writer - Jul 10, 2013 5:00 AM ET
AQR Capital's Cliff Asness, who runs one of the world's biggest hedge fund firms, says now is not the time to freak out.
FORTUNE -- No black swans here.
That's the opinion of hedge fund manager Cliff Asness, who runs AQR Capital, which is one of the industry's biggest firms with $80 billion under management. The rapid move up in interest rates and the recent 800-point two-day drop in the Dow Jones MOREStephen Gandel, senior editor - Jun 27, 2013 10:51 AM ET
Even if the the Fed chief's positive outlook for GDP pans out, it could still be bad for your 401(k).
FORTUNE -- Following the two-day 550 point decline in the Dow Jones industrial average last week, a number of commentators recommended stock investors follow Churchill: Keep calm and carry on.
They argue that Ben Bernanke is pulling back the Federal Reserve's stimulus for a reason investors should like: The economy is improving. MOREStephen Gandel, senior editor - Jun 24, 2013 5:00 AM ET
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