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January 4, 2014
2013 exceeded the expectations of even the most optimistic of stock market prognosticators. To the utter dis-belief of the perennial skeptics, common stocks hit new all-time highs this past year with the Dow Jones Industrial Average blowing past 16,000 and the S&P 500 scaling 1,800. Posting...
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October 15, 2013
As adherents to the Efficient Market Theory we believe it is impossible to beat the market over the long-term on a risk-adjusted basis. Nor do we believe it is a worthwhile pursuit. A corollary to this proposition is our opinion that events which influence markets’ directions and securities’ ...
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July 12, 2013
The stock market proved an old adage last month as investors reacted negatively to Fed Chairman Ben Bernanke’s recent comments regarding the central bank’s monetary policy in response to an improving economy. Go figure - the economy is finally showing signs of life and investors sell. ...
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April 4, 2013
Capital markets pressed relentlessly forward during the first quarter of 2013 as the S&P 500 and Dow Jones Industrial Average both set record highs. Stocks continued to climb a wall of worry, recouping all the losses incurred during the financial crisis which began in October, 2007. This ...
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January 12, 2013
The biggest news during the fourth quarter of 2012 was certainly the November elections, which resulted in no fundamental change in the status quo as President Obama was re-elected, the Democrats retained control of the Senate and the Republicans kept the House. The partisan gridlock our nation...
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October 9, 2012
The Federal Reserve announced on September 13 it would once again (surprise, surprise) engage in another round of quantitative easing in an effort to stimulate the economy. This time they will buy $40 billion per month of mortgage-backed securities and continue to maintain their Operation Twist ...