Market and Economic Updates


Recently, the focus for investors has been all over the map. This is not an all-inclusive list but it adds up to a whole host of worries investors are grappling with in the short term: Oil prices Corporate earnings The global economy China’s economy China’s currency (the Yuan) Anxieties about banks (especially in Europe) The Federal Reserve’s next move “Brexit,” – the possibility that Britain will...

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“As January goes, so goes the year.” At least that is the case according the old adage made popular by the Stock Trader’s Almanac. This phenomenon is also known as the “January Barometer.” It simply means that January’s market’s performance, as measured by the S&P 500 Index, is a harbinger of how the market will do for the year. According to a recent story in the New York Times, the January barometer has...

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Bernard Baruch is not a household name, so a quick background is in order. He was a financier, a stock investor, a philanthropist, and an economic advisor to Presidents Woodrow Wilson and Franklin Roosevelt.  Baruch once quipped, “The main purpose of the stock market is to make fools of as many men as possible.” While he earned his fortune in an earlier period, few today can consistently amass wealth by trying to time the market’s ups...

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Last month’s letter talked about preparing yourself for major market moves, especially downward moves, by conducting “lifeboat drills” in order to dampen your “startle response”, which might result in an inappropriate decision that would derail your long-term investment goals and objectives. During the month of September, investor anxiety continued to spread as uncertainty around the future of interest...

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Over the last month, Don and I have watched with passive interest the long-running saga regarding the potential of Greece defaulting on its scheduled debt payment on June 30.  This “Greek tragedy” has actually been running since at least December 2009.  As a matter of fact, since Greece won its independence from the Ottoman Empire in 1832, it has been in default or rescheduling its debt 51% of the time.  Last Tuesday,...

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What comes to mind when you hear the name Warren Buffett – investor, mutual fund manager, CEO, entrepreneur, stock picker, philanthropist, or billionaire? Or maybe something else comes to mind? Whatever you think, one thing is clear: he has made a lot of money investing over the years.  If you’re counting, Forbes’ 2015 ranking places his net worth at $72.7 billion, which makes him the third wealthiest person in the world behind...

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