“These are the times that try men’s souls.”— Thomas Paine In my soon to be bestselling book, LOSE YOUR BROKER NOT YOUR MONEY, I reiterate what so many patriots have before me: governments never have enough control over man, over People, and over Markets. The natural instinct of government is to control people and their...Read More

The Dow Jones Industrial Average gained 245 points or 2.47% on a day that boasted these two contradictory WSJ headlines:             Good News Boosts Stocks             Fed’s Beige Book Points to Sluggish Growth First, most markets offer mixed signals to investors consistently. Keep that in mind. Second, market conditions do not change in a single day. In...Read More

How many times have you heard class warfare proposing to tax businesses more, and to raise taxes on “rich” people (those making more than $250,000 per year, according to President Obama) to fill the budget gap in America?  Businesses versus People. Rich versus Poor. And I’m sick of it. First, businesses do not pay taxes...Read More

It was another sloppy day on Wall Street today, as once again the Dow struggled to maintain the action zone midpoint while gold regained its stride. That should tell you something. These three Wall Street Journal headlines should drive the point home. Economy Fails to Add Jobs Stocks Futures Keep Falling, and Big Banks Face Suits on Mortgage Bond Losses In short: the...Read More

With no electric, no cable TV, and no internet service, Hurricane Irene disconnected me from the civilized world for a few days. Heck, I couldn’t even access the Wall Street Journal from my iPhone. In times of crisis (and Irene was exactly that) survival* is the primary focus. Everything else can wait.—And you shouldn’t be freaking out about what your...Read More

There is a lot of debate right now directed at the state of the economy: Are we going to experience a “double-dip recession”? or, Can this “recovery” hold up?  First of all, isn’t it hard to believe we’re in “recovery” when so many people remain unemployed,  still above above 9%?  I’ve heard people talk about a “jobless recovery” – but what...Read More

In my opinion Steve Job’s decision to step down from the top spot at Apple is the most important news story in the investment world today. I don’t care about Warren Buffet investing $5 billion in Bank of America. BofA has $1 trillion in customer deposits — which makes Buffet’s investment a drop of water in a very...Read More

Today’s key headlines: Gold Cedes $1,800 CBO: $1.3 Trillion Deficit for 2011 Stocks Move Higher There’s lots of talk and speculation about whether or not the gold bubble is about to burst – and whether you should buy, sell, or hold it. Gold is a currency hedge, a place to make money when currencies –...Read More

This is about as messy of a market as you’re going to see. Headlining today’s Wall Street Journal are these notables:             Manufacturing Reports Reflect Slowdown             UBS to Cut 3,500 Jobs             Markets Remain Unkind to BofA This, not to mention, that a small earthquake rattled the northeast today, possibly to be followed by a...Read More

Those of you who have read my book know that I like to view market activity through multiple perspectives. Most of my previous charts begin at year ended 2002, which in my opinion provides the truest economic view because it begins at the approximate date of the last recessionary bottom. And because I don’t believe we’ve hit rock bottom in this...Read More