Dark Clouds and Silver Linings
Dark Clouds and Silver Linings
Every twenty years or so, the stock market goes through a purging much like we are seeing today. It is difficult to predict because the timing of these events is so irregular. The last one was in 1987, and the…
January 9th, 2007
January 9th, 2007
When a popular index like the Dow Industrials pushes to new high, a lot of investors appear enormously pleased. Making money in the market seems like a piece of cake. The formula is remarkable simple: buy a few stocks with…
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 no…
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 emotio…
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 …
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…
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 ans…
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 Februar…
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, sur…
