GONE BABY GONE highlighted my contempt for Nike’s decision to glorify the unpatriotic action of kneeling during our national anthem with a multi-million-dollar ad campaign featuring the leader of the movement, former NFL quarterback Colin Kaepernick. That was reason enough for me to sell the stock and replace it with German competitor adidas in my 15-51i portfolio....Read More
The only reason the whole MEDICARE FOR ALL thing has any mojo is because there’s something seriously wrong in the healthcare and medical insurance markets. The Affordable Care Act only exacerbated the faulty pre-existing condition of those markets. The law misplaced billions of dollars to no avail while screwing taxpayers, consumers, and service providers in...Read More
It’s a shame that the word stupid is no longer acceptable in America today. The unfortunate results, of course, are more stupidity and stupidity on a much grander scale. MEDICARE FOR ALL is a prime example. The GREEN NEW DEAL is another. The economics for both is so absurd they are impossible to initiate let...Read More
So it has been one year since the stock market first started acting crazy. Back then new Federal Reserve chairman, Jerome Powell, had yet to start his first day in office. And even though Powell was billed to arrive on the same long-term page as his predecessor, Janet Yellen, he has since ripped that page out and...Read More
Trade war. No trade war. Trade war. Truce. Brexit is on. Brexit is off. Theresa May’s government looks to be falling apart. Wait a minute, she held on.—But now what? This just in…newly released data shows economic weakness in China is accelerating – and in Europe too. Oh my God – what happened? First things...Read More
Volatility returned to the stock market in January 2018 and it hasn’t left, nor should it be expected to leave. It’s a function of the times and conditions. It is election year, after all. So if market instability makes you nauseous then maybe it’s time to reduce your exposure to the stock market – because...Read More
Investing is more of a discipline than anything else. And while I promised myself to not make any portfolio moves until the next major correction, inspiration to make a move now arrived from a most unusual place – Colin Kaepernick. Once a diehard football fan, I drifted away when those bastards started disrespecting my flag...Read More
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
