In my last major update in November when Biden was unofficially confirmed the winner, I talked about the scenario of a melt-up in the equity markets on the heels of stimulus and infrastructure. Today, here we are in the midst of the melt-up and more stimulus than the eye can [...]
Since the Ph.D’s in Economics have been in supposed total control of the Federal Reserve Bank in the past decade or more, they have been adamant that without US inflation of at least 2 percent per year, life cannot progress as it should. But try as they might, they have [...]
If you have grandchildren or children, you obviously need to spend more time talking with them about the benefits of capitalism. Somehow as a nation, we have come to rue uncertainty and reward risk avoidance, at least from a governmental perspective. Therefore, we have a Federal Reserve Bank on hallucinogenic [...]
When you think about ways to make money by investing, are there certain companies or industries that you would refuse to benefit by supporting them with your capital? We are probably all unique in the exact set of those businesses we do not favor. The concept of responsible investing is [...]
I believe the stock market is going to soon crash, but as Yogi Berra supposedly said, “It’s tough to make predictions, especially about the future.” I have great respect for how difficult it is to predict the future of markets. Having said that, I’ve guided those listening well through some [...]
While the best principles concerning investing are probably first, to begin early and second, to invest often and regularly, selling is a whole different proposition. Will Rogers, American humorist of a century ago, wrapped up the whole process like this with a bow: Don’t gamble; take all your savings and [...]
If you needed any further proof about the difficulty in predicting stock market results, you should have it now. Before election day in 2016, you were told that electing Donald Trump would kill the stock market. This year, you were told that just the threat of a Democratic $4Trillion tax [...]
The good news for Mr. Market is the lack of any earthshaking mandate coming from the election last week. He loves legislative inertia or gridlock, the popular term. Why? If it is more difficult to sweep through major policy changes, then it is easier to determine the natural financial winners [...]
When giving investment advice the last thing I want to talk about is politics. But sadly, these two areas have become so intertwined in the past decade it’s hard to avoid, especially in an election year. I would dare say that actions by politicians now play a larger role in [...]
On November 4, I predict many will be surprised and distraught, whoever wins. Many will not like the outcomes. I will be surprised if we do not know the winner on that day, but investors of either stripe may sell. If there are legal challenges, confusion will reign and investors [...]
