Market Commentary
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…
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…
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…
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…
Spring is in the air, Tax Day has come and gone and the economy is growing! The economy is growing ever be it so slowly, but at least it’s getting better. The US stock market had its best 1st quarter since 1998 with the Dow gaining +6.4%, the S&P 500 +5.4%, Nasdaq +4.8% and +7.6%…
Easy street can be defined in many ways from financial security to a Charlie Chaplin movie. What concerns me are the bond investors who have benefited from a 28 year rally not knowing when it will end, driving down an easy street without much risk. August was another depressing month and some investors were scared…
2nd Quarter Update
Investors saw red during the 2nd quarter and it wasn’t from the fireworks, rather it was the never ending headlines that added to the volatility and made for a down quarter. The Dow was off – 2.5%, S&P 500 down – 3.3%, Nasdaq giving back the most – 5% and the Russell 2000 small-cap index…