On a high: the continued advance of equities means one influential strategist sees almost no value in the US market and precious little elsewhere.Photograph: Brendan McDermid/Reuters

The US stock market is “hideously expensive,” according to James Montier, an influential strategist with GMO, a global investment management firm bas(...)

Quindell founder Rob Terry

AIM-listed insurer Quindell’s share price collapse marks another victory for short-selling outfit Gotham City Research – and a reminder how careless i(...)

One-product wonder: the main risk for Apple is an over-reliance on one product (the iPhone), which accounts for 54 per cent of total revenues. Photograph: Adam Berry/Getty Images

Apple, now valued at $700 billion, is the most valuable company in history. With its decade-long bull market showing no signs of tiredness, might the (...)

Nobel economist Robert Shiller’s Yale International Centre for Finance find confidence among individual investors, as measured by the percentage believing stocks will be higher in a year’s time, is at an all-time low. Photograph: Bloomberg via Getty Images

Cautious investor sentiment indicates stocks will continue to climb the proverbial wall of worry, with no evidence of the feverish excitement associat(...)

Outside the NYSE on Wall Street: Traders and investors alike continue to eulogise the fictionalised biography of legendary Wall Street speculator Jesse Livermore in Reminiscences of a Stock Operator

Last Friday, November 28th, was the 74th anniversary of the death of legendary Wall Street speculator Jesse Livermore. Once dubbed “the most fabulous (...)

Is Apple, the first company in history to be valued at more than $700 billion, now priced for perfection? Up 25 per cent since mid-October, shares hav(...)

Currency fluctuations on an electronic board in Tokyo: ordinary traders lose an average of 3 per cent per week on forex markets. Photograph: Yuya Shino/Reuters

Nine out of 10 people who engage in foreign exchange trading lose money, according to a recent French survey. The finding will surprise no one with an(...)

Pan-European indices have advanced just 3 per cent in 2014, compared with double- digit percentage gains in the United States. Might 2015 see a revers(...)

NYSE trader: an emphasis on share prices and on meeting quarterly earnings expectations has led to destructive short-term behaviour by some chief executives. Photograph: EPA/Justin Lane

The idea that a company’s primary purpose is to enrich its shareholders is the “dumbest idea in the world”, according to high-profile GMO strategist J(...)

 A trader works on the floor of the New York Stock Exchange. The Investors’ Intelligence poll of newsletter writers has seen the biggest fortnightly jump from bears to bulls in more than 40 years. Photograph: Spencer Platt/Getty Images

Where has all the fear gone? Last month, the S&P 500 was in correction mode, and the Vix, or fear index, was soaring as traders bought protection (...)