Wednesday, June 24, 2009
Monday, June 15, 2009
Tuesday, June 9, 2009
Some upbeat economic news......
Last Monday the Dow tumbled 180 points, in spite of some upbeat economic news. So why, if the news was good, did the market take such a hit? Well some
Monday, June 8, 2009
Private Client Commentary - Green Shoots & WalMart Jobs
Just want to pop in and touch on what did not happen this morning. The market is off 3% in the wake of Treasury Secretary Geitner
Friday, June 5, 2009
Private Client Commentary - cyclical market
Dear Clients,
You may or may not have noticed that for the past year and three months, I have written my commentaries on down days, almost exclusively. Which explains why, in 2008, I sent you over seventy messages.
These commentaries have been my attempt to help you understand that the market and the economy move cyclically, and to offer you a longer-term perspective than that expressed through the media. I have said many times in these messages that the human condition is such that we tend to believe that whatever is happening today will continue to happen forever (the media coverage of the market and so much of the
You may or may not have noticed that for the past year and three months, I have written my commentaries on down days, almost exclusively. Which explains why, in 2008, I sent you over seventy messages.
These commentaries have been my attempt to help you understand that the market and the economy move cyclically, and to offer you a longer-term perspective than that expressed through the media. I have said many times in these messages that the human condition is such that we tend to believe that whatever is happening today will continue to happen forever (the media coverage of the market and so much of the
Private Client Commentary - Green Shoots & WalMart Jobs 0609.docx
Dear Clients,
The Dow closed last Friday at 8,763, posting its third consecutive weekly increase and extending what is now a 2,300 point move off the bottom set in early March. So where do we go from here?
Of course I
The Dow closed last Friday at 8,763, posting its third consecutive weekly increase and extending what is now a 2,300 point move off the bottom set in early March. So where do we go from here?
Of course I
Private Client Commentary - plays Main Street like a fiddle
Dear Clients,
In spite of what market history may suggest, most people refuse to believe that, in the eye of a financial storm, the sun will ever shine again (they
In spite of what market history may suggest, most people refuse to believe that, in the eye of a financial storm, the sun will ever shine again (they
Monday, June 1, 2009
Private Client Commentary - Treasuries and interest rate risk
Dear Clients,
The Dow took a 170+ point hit last Wednesday as the stock market reacted to a sharp one-day sell off in Treasury securities
The Dow took a 170+ point hit last Wednesday as the stock market reacted to a sharp one-day sell off in Treasury securities
Fools and Liars
NYU Business Prof Nouriel Roubini (AKA Dr. Doom) predicted just a few weeks ago that this recession will go on for another three years.
Nobel Prize winning economist Paul Krugman (along with 90% of his colleagues recently surveyed) predicts that the recession will officially end sometime during the second half of this year.
Doug Hornig, author of nine books and contributor to Business Week as well as a number of other publications predicts (virtually guarantees in fact) that another
Nobel Prize winning economist Paul Krugman (along with 90% of his colleagues recently surveyed) predicts that the recession will officially end sometime during the second half of this year.
Doug Hornig, author of nine books and contributor to Business Week as well as a number of other publications predicts (virtually guarantees in fact) that another
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