Happy Independence Day!

Happy Independence Day!

Happy Independence Day! “The support in the market is just growing confidence in the economy’s resilience. I think investors may be concluding that the economy has actually avoided a recession – which is a position that we’ve taken for quite...
Happy Independence Day!

Social Security and Banks

Social Security and Banks Consequently, the forecasts of the Social Security trust fund solvency are just moot. We might as well be monitoring the health of Thor or Godzilla or the Stay Puft Marshmallow Man.” “But whether you’re a “D”, or an “R” or an...
Happy Independence Day!

Recession(s): Past, Present and Future?

Recession(s): Past, Present and Future? “And after a dismal, dismal year last year; three quarters of negative losses – there’s a ray of hope. After I reviewed your portfolios, we saw returns for the fourth quarter that were positive 5 to 10%. Maybe...
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Memory Lane and Merry Christmas

Memory Lane and Merry Christmas “My first ski trip just reminds me of the stock market and the financial markets for this year. It’s just been daunting. Ups and downs throughout the year.” “So, we just have to [kind of] focus on the now and the...
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Recession(s)

Recession(s) “So, I went back and made the calculations, and the return on stocks from February the 1st of 2020 (just days before the pandemic started) to the end of this dismal September (a few weeks ago)…stocks were up a total of 14%. Yes, in spite of...
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Bear Markets

Bear Markets “Part of what makes bear markets so unbearable is that no one, absolutely nobody, knows when they’re going to end. But, that doesn’t keep the talking heads on financial news from telling, explaining, exhorting: measures, hunches, folklore; purporting when...