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
Wall Street woke-up at the wheel and tapped the brakes last week. Pessimism ruled the day on Wednesday when the market averages lost 2% and stock market strength gave up 5%. But by the time the week ended all three indicators edged just a half-point lower. Why the brake check? A dysfunctional central government caught...Read More
This could be the longest span of time between blogs since I began posting online articles more than six years ago. The reason for my silence is simple: nothing of any significance has happened.—And I never wanted to be one of those pundits who create nothing from nothing. Such a practice has a tendency of...Read More
Stocks continue to adjust to the prospects of a significant Trump tax cut. Candidate Trump ran on reducing corporate income taxes from 35% to 15%, and decreasing the highest personal rate from 39.6% to 25%. The million dollar question still exists: What will President Trump be able to get through Congress – and when? Speculation is that some...Read More
It wasn’t long after Donald Trump gave one of the most unique inaugural addresses in the history of our great country that pundits like Chris Matthews and Rachel Maddow likened him to Hitler. I wonder if those two knuckleheads have ever read even a few pages of Mein Kampf. To refute their utter nonsense I...Read More
