Private Client Commentary - muscle memory - business cycle

Dear Clients,

As you

Private Client Commentary - lower prices take care of lower prices

Dear Clients,

This is another one of those weeks that inspire more commentaries than you probably need

Private Client Commentary - eye of the storm

Dear Clients,

Those of you who have been receiving my commentaries for years may have noticed that during bull markets my comments often center around the ultimate bear markets to come, and during bear markets I

Private Client Commentary - 30%+ declines

Dear Clients,

Even though the vast majority of you are hanging in there with your exposure to the market, and a few have taken it one step further and done what some might say is the obvious - bought more (bought low)

Private Client Commentary - human nature

Dear Clients,

I hope you don't mind, but I'm going to keep the commentaries coming as long as this bear market lasts. At times like these, perspective is everything. And, as you well know, my perspective suggests that recessions and their attending bear markets are cyclical phenomena that, while extremely difficult (if not entirely impossible) to predict - when viewed in retrospect, are always necessary and timely - in that they purge the world of dangerous excesses born of the preceding expansion. I'll even go one further and suggest that their timing is always perfect.

Today, we can't turn on the financial news without exposing ourselves to the litany of negative headlines, very much designed to get our attention. Not to suggest that these promulgators of bad news aren't telling the truth - in fact they are. Companies are closing shop in record numbers, unemployment is up (consequently), the financial institutions of the world are suffering in record numbers, etc., etc. - but when it

Private Client Commentary - Mkt is Killing Me Conversation

Dear Clients,

As of this moment, it looks like the market is re-tracing much of last week

Private Client Commentary - Obama win

Dear Clients,

The economy, according to the surveys, was the number one issue on voters