Budget Myths & Fiscal Cliff Causing Investors Grief November 19, 2012
After being closed for two days during Hurricane Sandy, the trading markets have reopened this morning to the relief of many. It is significant because end of the month rebalancing and pricing happens today and it would have been challenging for financial reporting if the markets had not reopened as they have. Having grown up […]
Return of Recession Obsession & Global Gridlock Nov 12 2012
Still Slow Growth & How Wall Street Is Voting Nov 5 2012
Still Slow Growth & How Wall Street Is Voting Nov 5 2012
I say “happy” because October is proving to be the “bear – killer” month of the equity markets once again with an approximate monthly gain of 13 percent. Corporate earning reports seem to be the main driver of this impressive rally. Earnings and revenues are 9.3% and 1.7% above analysts’ forecasts. Earnings for the 134 […]
Greetings All: Looking back over the past 9 months I am pleased that our investment philosophy has been to “stay the course”, focusing upon your investment plans and basically ignoring the media pundits that would have had you sitting on the sidelines in cash. This also causes me to reflect on the past four to […]
Are you better off
The Inflation Situation & Global Profit Recession
The week before Labor Day is usually a quiet one for financial market participants, with calendars light on meetings and heavy on vacation time. However, financial markets face a series of key economic and policy events that could make this week a bit more significant. Today we expect to hear about the Federal Reserve’s “Beige […]
July 20, 2012 Greetings All: Wow! Did this month take me by surprise! Last week both Heidi and Jenny reminded me it was time to do my quarterly letter and it seems like I just did one! So… a bit late but I assure you still very timely. I want to start out this quarter […]
The Cornerstone August 2012 “Think International.” Not to say that all Americans are myopic all the time– but at times, many of us can be. We see the world through a different set of lenses that get fogged up and keep us from broadening our views. I’m suggesting then, that perhaps we just consider this […]
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