Posts by drawpub
Cyber Monday is not for me
It’s only a couple hours into the trading day but the markets are up over 3% and some near 4%, wiping out more than half of last week’s losses (its early and who knows where we will be at 4:00). Long-term investors need to take notice that trying to time the markets is a losing…
Read MoreMarket Update
Because of all the recent headlines, I wanted to share some mid-quarter observations which may be stirring up unwanted emotions. First of all, the US and global economic outlook has deteriorated since my last letter, and I believe there’s a lot of bad news built into stock markets. This isn’t the first time investors have…
Read MoreAnother Rainy Day on Wallstreet
Rain, rain, go away, please come back another day. Unfortunately, we have no control over Mother Nature and the chaos she can create so let’s pray that she takes a break and all of the people who have been sadly affected by her actions can get their lives back in order sooner than later. What…
Read MoreGlobal Meltdown or just Ugly?
After seeing nothing but red arrows facing down today for any and all types of investments, I wanted to share my views. Today gold lost its luster, commodities are lower, the yield on the 10 Year US Treasury is only 1.72%, and there isn’t one stock that’s up in the Dow, to top it off…
Read MoreAnother Wild Day on Wall Street…Do I Sell, Hold or Buy?
Why is it that when Europe sneezes the rest of the world catches a cold? The simplest answer is every country is interconnected one way or another in this global economy. There was a day when international stocks had a low correlation to US stocks…but now it seems as though when one country has bad…
Read MoreThe WGY Morning News
Steve joined Chuck and Kelly and The WGY Morning News earlier today to discuss America’s and the world’s financial woes. Listen Here
Read MoreS&P Downgrade Comments
With the recent downgrade of the US credit rating by Standard & Poor’s, I wanted to share my views before the markets open in Asia and Europe later this evening and the US markets on Monday morning. I’m not sure where to begin other than to say, once again, we are in unchartered waters but…
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