Those who have read my book know that the Dow Jones Industrial Average (DJIA) and the 15-51 Indicator started 1996 at 5,117. The Dow closed over 13,000 points today and for the first time since May 2008. Some thought it was a big deal. Not me. The 15-51 strength Indicator closed the day at 59,633 – up...Read More
I keep hearing television pundits’ claim that there is no threat of a “double-dip” recession. To offer one specific example, Larry Kudlow has recently promulgated such a notion. And Larry’s has a lot of creds; he worked in the Reagan White House and has popular shows on CNBC and ABC radio. But he’s dead wrong...Read More
The Dow Jones Industrial Average (DJIA) closed Friday’s trading at a 52 Week high – 12,950. It’s had quite a run, indeed, but let’s not forget it’s just an average portfolio. It shouldn’t be the high watermark when it comes to stock performance. To achieve financial success independence your entire portfolio should beat “the market.”...Read More
As demonstrated in LOSE YOUR BROKER NOT YOUR MONEY, investing is an extremely personal task. It doesn’t require Ivy League degrees and Wall Street experience. Investment success only requires basic knowledge and common sense. And you have that. Right now successful long-term investors are mostly spectators – watching stock market activity and waiting for the goods...Read More
According to his own public admissions, President Obama is part of the “evil one-percenters” – those people in the highest income tax brackets. He’s one of them. Just one. And that one person has spent one-third of our entire national debt in just one-four-year-term as president of the United States. That’s one man, fours years,...Read More
The U.S. Bureau of Economic Analysis reported today that the trade deficit widened to $49 billion for December. Also in today’s news, President Obama unveiled a budget that calls for another trillion-dollar-plus operating deficit for 2012. An operating deficit occurs when expenses are greater than revenues — in other words, spending beyond ones means —...Read More
The job market continues to show signs of improvement, however so slight, and once again highlights the resiliency of the American market. But let’s not get crazy. The unemployment rate is still over 8% with a disturbing 13 million people still looking for work. January’s job additions number is nice to see indeed, but at...Read More
