Pepper & Salt, The Wall Street Journal 4/11/09 As we move into springtime, Wall Street has been using the term "green shoots" a great deal to describe signs of potential new life in the economy. The bears of course...read more
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Pure Filth
The markets are enjoying a nice rally today likely spurred on by Citigroup's comment that they were profitable during the first two months of the quarter. Bank of America, JP Morgan and Wells Fargo made similar com...read more
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The Daily Show with Jon Stewart: A Humorous Rebuttal to Santelli and Cramer
In the past two weeks, I've posted comments made by Rick Santelli and Jim Cramer from CNBC. This segment by The Daily Show with Jon Stewart is a humorous rebuttal to their rants and a reminder to always be suspicio...read more
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Cramer's Response to White House
Jim Cramer published this letter this morning in response to White House criticism of comments he had made in this Today show interview on March 3rd. Whether you are liberal or conservative, it is worth reading. Cr...read more
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Messy
I took Friday off to go skiing in Western New York. When we arrived at Peak N Peak, it was about fifty degrees outside and raining cats and dogs, so we took a pass and continued to a friend's house on Chautauqua, w...read more
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A Tough Tape, Market Valuations, and More Thoughts on the Banks
After an extended three day weekend, the markets reopened yesterday and sold off aggressively, closing at the lowest levels since November 20th. There have been many reasons proposed for the recent declines, includ...read more
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Stimulus?
I have been relatively quiet on the whole Stimulus debate. A client, however, forwarded the following Bloomberg article on some of the health care provisions within the plan as well as some anecdotes regarding his ...read more
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Crying Uncle, Hot Potatoes, and Musical Chairs
After a strong showing on Monday, the markets pulled back aggressively yesterday as folks were largely disappointed by the Treasury Department's plans for helping the banking system. It was a clear case of buy the ...read more
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Markets Making Progress on Positive Datapoints
The markets have been making some positive progress today. Each day of this troubled earnings season that goes by and we don't touch or break the November lows is a very positive and constructive sign. There have b...read more
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The Presidents
Over the past few days, I have been watching a history series on the American Presidents, past to present. The series, which I recorded from the History channel, covers the Presidents in order and includes commenta...read more
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Quote of the Day
"Obama was sworn in 1.5 hours ago. Why isn't the economy better? I voted for change." - Tongue in cheek humor from a friend and Obama supporter. ***************** The markets have been selling off most of the day, ...read more
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Nice Editorial by Colin Powell, Today's WSJ
Here is a nice editorial written by Colin Powell, in today's Wall Street Journal, just in case you missed it. Enjoy the rest of your weekend.read more
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Fourth Quarter Portfolio Review and Commentary
The financial markets finished 2008 on a tough note. In fact, it was the third worst year in the last century for investors. Fortunately, it won't take much to make 2009 better. For details on our portfolio's fourt...read more
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Thoughts for 2009: CNBC Talking Points, December 29, 2008
Here are the thoughts we prepared ahead of this morning's CNBC appearance . ******* Thoughts for 2009. 2008 Destroyed Capital. 2009 Should Repair/Rebuild It. Economic Overview Unemployment will increase significant...read more
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Ohio Proud
It will certainly be a quiet trading day on Wall Street. Other than Amazon saying they had record unit sales this holiday season, nothing else has been very newsworthy. For about every other retailer, it will certa...read more
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Christmas Gift, 2008 Style
A friend mine has a daughter who loves horses. This year he bought her one for Christmas. Unfortunately, this is all he could afford. Down markets can be pretty tough!read more
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Looking Back at 2008
Each year at this time, Jeff and I like to reflect on the year that was with some hope of gleaning wisdom for use in the future. With the caveat that this unusual year was a complete and utter mess for the markets,...read more
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Random Thoughts
The stock market has continued to rally in spite of very troubling fundamental and economic news. This is a good reminder to investors that at some point, bad news becomes priced in and we should no longer fear the...read more
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Thanksgiving
According to a note I read yesterday, of the 11,585 U.S. and international stock mutual funds tracked by Morningstar, all but one had lost money this year. As we head into the Thanksgiving holiday, this fact offers...read more
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Technicals, Momentum and Basketball
Yesterday's decline took us down through prior support levels that had held ground on several occasions during the last month or so. In essence, we had been trading in a band with 1000 on the S&P 500 as the upside ...read more
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Time To Consider a Roth IRA Conversion?
If you have earned less than $100k in adjusted (combined if married) gross income this year and have an individual retirement account, you may want to consider converting it to a Roth IRA before year end, potential...read more
