The events in Sandy Hook, Connecticut, on December 14, 2012 struck me in a very personal way. It is the home of my wife and family, and the school system that educates our children. It also is my place of work. My office window overlooks the now famous intersection that leads to Sandy Hook Elementary...Read More
Strength continued to soften this week with the 15-51 Indicator losing another 5%; it’s down 16% from its September 19th top. The Dow, while adding 1% this week, has shaved off 3% from its high point this year (October 5th). Both have posted modest gains for the year thus far. Here’s the picture. End of year...Read More
In my book I detail five critical market indicators – items that directly impact stocks valuations and the future course of investment – and taxes are one of them. A debate about tax policy is going on right now in America and, unfortunately, the topic is being clouded by a manmade crisis called the “fiscal cliff.” Before...Read More
Investors had something to be thankful for this week as the spirit of the holiday added 4% (400 points) to the Average. Stock market strength gained 8% and even gold bounced 2%. There is an old metaphor in investment called the “dead cat bounce” that refers to moves like this. See below. The “dead cat”...Read More
“The market” continued its steady decline this week amid more nasty news dispersed throughout the global Market. Several major issues are poised to continue pressuring stocks and causing volatility in the commodity and bond markets. Investors must take note of these specific concerns: The Absurd Debate Surrounding the “Fiscal Cliff” Continued Government Failures & Housing...Read More
Americans disregarded a track record of failure and voted Barak Obama in for another four years. After pulling-back several hundred points just before the election, stocks continued their slide with another 400+ point DJIA decline after the votes were cast. Gold, as one would expect, turned-around and reclaimed its superiority over broad market equities, rising 3% in the week. Stock...Read More
This is not a political blog – never has been, never will be. Issues like abortion and gay marriage are of no consequence here. Politicians use these topics to distract Americans from the most important Market related concerns. Like many savvy investors, I fully acknowledge the importance of elections and their according influence over money,...Read More
Stock market strength has pulled-back 10% from its high-water mark this year, the Dow Average is off 4%, and gold has trimmed 5% from its top. Even so, stock market returns remain very much inflated. In the most recent twelve months the Average is still up 18%, Strength has gained 47%, and gold has added...Read More
I have blogged several times before about the money game going on in the world today. I have called it a currency crisis, a shell game, and a ponzi scheme. It is every bit of all three. The currency crisis, of course, began with fiscal irresponsibility by governments in the form of prolonged annual operating shortfalls –...Read More
Last week I started a blog called, Stocks Leap on False Impression, but had to leave on a business trip before I had a chance to post it. Sorry about that. Here’s the opening to that blog: The U.S. Department of Labor announced that the unemployment rate dropped to 7.8% from 8.2%. I have a hard...Read More