Counting Backwards
During my annual physical, my physician has me count backwards by sevens to test my cognitive skills. Being in my early fifties I think this might be overkill, but the…
I Get by with a Little Help from My Friends
What makes markets rise and fall? Earnings, sales growth and potential should be the fundamental reasons. Dshort.com did a wonderful job in illustrating additional reasons for our current bull market…
Rule Number One
Warren Buffett has a famous quote: Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. While this quote is so typical of Buffett’s folksy humor,…
Jeane Dixon and Wall Street Forecasters
The only function of economic forecasting is to make astrology look respectable. – J.K. Galbraith I know I’m showing my age when I mention the name Jeane Dixon. A self-proclaimed…
This Is Not a Ronald Reagan Market
With the recent Trump bump a number of commentators have suggested that we are in a Ronald Reagan market. They suggest that we will have a second wind to this…
O Lord, won’t you buy me a Mercedes Benz?
No one helped Janice Joplin buy her luxury car. However if Janice were alive today she could get the car of her choosing through cheap credit. So much so that…
Markets Are Not True
"Markets are not true." This was the quote from the chairman of UBS, Axel Weber, in an article by Gillian Tett titled, "Investors are ill equipped for our unfathomable future",…
Sounding like a Broken Record
Do you remember when your favorite record had that scratch that caused your favorite song to repeat the same phrase over and over again? At this point of the year,…
Reasons for Continued Stock Market Volatility
The recent bounce in U.S. stocks has been welcomed after the tumultuous January and most of February 2016. Does this mean that we will race back to the S&P 500…
Good Read
The last two weeks can definitely be defined as volatile. The financial press attributed the volatility to China, the price of oil, and investor sentiment. A number of people are…