Ever since Trump took the reins of the stock market it has exuded many of the qualities of the man himself – bold, optimistic, arrogant, and erratic. And now another adjective can be added – resilient. While it has taken longer than a blink of an eye almost every major stock market index has regained its January...Read More

Certain things are taboo in politics, like members of the same Party criticizing one another; unless, of course, they are engaged in an electoral primary. Other actions are not only forbidden but also never seen, like a sitting president criticizing a cabinet member or senior administration official. And then came Trump. Trump is no politician...Read More

It was recently announced that the last remaining original member of the Dow Jones Industrial Average, General Electric (GE), would finally be eliminated from the iconic stock market index. It’s about time. Market junkies like me have been calling for a Dow makeover for years. In fact, WHAT’S WRONG WITH THE DOW – AND HOW TO...Read More

February 8th seems like a lifetime ago, as discussions of “correction” and Bear Market have faded into the distance. Since that low point stocks have regained more than 80% of their losses and are just 4% off their all-time highs achieved on January 26, 2018. It has been a rocky road indeed – but then...Read More

The investment markets are notorious for sending bombastic messages. They price daily and react to the whims of news and impulse – and speculation is the main driver. As a consequence the short-term (i.e. days, weeks, or even months) tells very little about the stock market’s condition or its future course. Nevertheless everything happens for...Read More

Stocks are off boldly again this year in a continuing show of strength that has become typical under Donald J. Trump. In fact, the Trump stock market shares several characteristics of the man himself. It is showy and arrogant, and an embarrassment of riches. It, like Trump, beats to its own drum, sometimes with irrational...Read More

I have struggled with this blog ever since STORM SEASON was posted back in September. Since the hurricanes blew in a few months ago media coverage has been a whirlwind of nonsensical misgivings about tax reform and a flurry of sexual harassment claims. It’s easy to get lost in the bluster. Tax relief is easy to understand:...Read More

If the first two hurricanes of the season are any indication the 2017 storm season is going to be nature’s version of Armageddon. Harvey and Irma have destroyed billions in property value, a priceless amount of life, and displaced millions of people from their homes and businesses. And a third hurricane, Jose, is on the...Read More

Stocks have been on a complete tear since the Trump election. The Dow Jones Industrial Average closed at another milestone, ending last week above 22,000 for the first time in its history. Since the fall ballot the Dow Jones Average has added 20% to its value, with 12% coming in the first seven months of...Read More

Everyone likes justification for his or her cause. It is this need for validation that moves me to read every article detailing just how awful and corrupt the Wall Street establishment truly is. I know it all too well, of course. But even so those articles are read entirely and printed, and then added to...Read More