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A stock market comparison between this year and 2011 draws some eerie parallels. What does that mean for the market in 2016? More than you’d think.

The stock market has been in a holding pattern, waiting to see what Janet Yellen will say on Friday. Recent history suggests investors are rooting for the wrong outcome.

Decades ago, we came up with a phrase to describe a growth stock’s long-term growth cycle, describing the three phases a stock will go through during its life: Romance, Transition and Reality. The Romance phase is when the stock makes its biggest gains; it’s when investors fall in love with the story and potential, as well as the initial rapid growth. Then comes the Transition phase, when the stock often stagnates or declines for many months or even years, as investors start to see the warts of the story and the stock’s nosebleed valuations come back into line. Then, finally, you get the Reality phase, when the company is more mature and the stock is judged based on cold, hard facts. If the firm is successful, the stock will head up (though at a more measured pace than in the Romance phase), and if it’s not, it will remain in the doghouse.

As I mentioned in yesterday’s issue, we got some bad news on this portfolio stock before the market opened regarding an internal investigation of fraud by the company’s COO and several other employees who apparently significantly overstated sales in 2019.

One of the stocks in the portfolio is recommended to be sold today.

The strength in marijuana stocks that began two weeks ago with breakouts by the stocks of the four leading U.S. providers has continued this week, so now I’m going to take the portfolio to a fully invested position.

How to profit if the United States’ debt is downgraded again.

One of the best ways to put money into great growth stocks is by keeping a list of leading stocks.

Higher education is more important than ever. The unemployment rate for college graduates, currently 4.6%, is less than half that of high school grads (at 11%). And workers with a college degree earn, on average, almost twice as much as those with only a high school diploma. Unfortunately, the advantages conferred...

Today’s note includes the podcast.

Today’s note includes earnings updates, ratings changes and the podcast.

Growth stocks are being taken to the woodshed today, and this comes after some climactic upside action in the indexes and key leaders in recent days/weeks. Moreover, we’re starting to see some growth leaders crack support for the first time during this rally.

Growth stocks remain under severe pressure, with more unraveling today.

Growth stocks continue to bleed today, with many down 4% to 10% even as money rotates into cyclical areas. Our trend-following indicators are still positive, so we’re not selling wholesale, but as growth investors, we are turning cautious—we came into this week with 41% in cash.

Yesterday the major indexes finished mixed, with the Dow up 71 points and the Nasdaq down 78 points. But the story of the day (and the prior Friday) was a renewed rotation out of growth stocks, with most leading titles down 2% to 3% yesterday alone and a couple more cracking near-term support.

Yes, cash is the gift that keeps on giving, especially when you have a high percentage of it in your growth portfolio, and most especially when stock markets are (as my mother would say) having a hissy fit.

Paul Goodwin, Chief Analyst of Cabot China & Emerging Markets Report, appeared on Moe Ansari’s Market Wrap radio program today, and discussed the prospects for emerging markets stocks in 2014.

All options are a wasting asset whose time value erodes to zero by expiration. This erosion is known as time decay.