November 16, 2005
November 16, 2005 “I wanted the gold and I sought it, I scrabbled and mucked like a slave Was it famine or scurvy I fought it, I hurled my youth into a grave. I wanted the gold and I got it, Came out with a fortune last fall, yet somehow life’s not what I thought […]
January 9, 2003
January 9, 2003 Picking up my Investor’s Business Daily from the driveway on the morning of January 1st, I was greeted with the following front-page, bold print statement, “Worst Bear in 71 Years.” Happy New Year to you too, IBD! The emotional impact of reading this sort of headline engenders within all of us […]
October 10th, 2002
October 10th, 2002 It is an enormous understatement to say there has been disenchantment with the stock market during the last two and a half years, and the declines during the last few weeks have clearly added to the discouragement. Interspersed by one or two day rallies, we have seen the market continue to drop […]
June 2002
June 2002 In the stock market “These are the times that try men’s (& women’s) souls.” As we head toward the lows made in the Dow last September, investor discouragement rises commensurately. A couple of things come to mind that I would like to pass along. Important low points are rarely made without being tested […]
Economic Forecasting
Economic Forecasting Exists to Make Astrology Look Respectable We are sometimes queried by clients regarding where we think the market will be in six months or next year. There is not a good way for us to answer that question because the true answer is that we don’t have a clue. The real question that […]
Fright Mode
Thoughts While Viewing the Market in Fright Mode As we write this, the stock market appears to be in a free-fall. The Dow is down around 1,800 points having fallen 2,100 already this morning. It currently stands at 21,646 and down from the February high of 29,500. This is panicky selling, which is virtually never […]
Tarriffs, Taxes, & Bad Stuff
Tarriffs, Taxes, & Bad Stuff This past weekend, China decided to let their currency, the Yuan, drop to the lowest level it has seen in ten years. This clearly appears to be a retaliatory move for our government’s action last Thursday when, surprisingly, we put a 10% tax (sometimes called tariff) on many consumer goods […]
The stock market – What a difference a month can make!
The Stock Market – What a Difference a Month Can Make! We are writing this note on February 1st, one month after a nasty selloff in the stock market leading up to and culminating with Christmas Eve. At random, we looked at the values of a few of our managed growth accounts, and they […]
After a Big Decline
What happens after big stock market declines? Unquestionably, this has been a difficult year for almost everyone who is invested in the stock market and for our managed accounts. So, what has really changed? We know there are new tariffs, but we are close to full employment and the economy appears strong. Selling stocks starts […]
