FOURTH QUARTER, 2019   –    COMMENTS AND OPINIONS “Great learning and superior abilities…will be of little value and small estimation unless virtue, honor, truth, and integrity are added to them.”  – Abigail Adams, 2nd First Lady of the United States The Santa of Economic Good Things left a lot of presents under the tree at the […]

     “If by the liberty of the press were understood merely the liberty of discussing the propriety of public measures and political opinions, let us have as much of it as you please: But if it means the liberty of affronting, calumniating and defaming one another, I, for my part, own myself willing to part […]

COMMENTS AND OPINION “A wise and frugal government … shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.” – Thomas Jefferson (1801) […]

The U.S. economy grew at a solid 3.2% annual rate in the first three months of 2019, a far better outcome than expected, overcoming a host of headwinds including some global weakness, rising trade tensions and a partial government shutdown. “The advance in the gross domestic product, the broadest measure of economic health, marks an […]

FOURTH QUARTER, 2018 The final three months of 2018 experienced volatile financial markets, political turbulence and fear among investors, especially those within ten years of retirement.  But as rocky as the final quarter was, the Standard & Poor’s 500 Index only dropped 6.2% for the full year.  The Dow Jones Industrial was down 5.5% in […]

THIRD QUARTER, 2018 MY COMMENTS AND OPINIONS Tolerate the Turbulence Look beyond this moment and stay focused on your long-term objectives. Volatility will always be around on Wall Street, and as you invest for the long term, you must learn to tolerate it. Rocky moments, fortunately, are not the norm. Since the end of World […]

FIRST QUARTER, 2018 MY COMMENTS AND OPINIONS Mr. Market is the imaginary investor devised by Columbia University Professor Benjamin Graham and introduced in his 1949 book The Intelligent Investor.  In his book Mr. Market is driven by panic, euphoria and apathy on any given day.  Really, not much has changed since Graham was writing and […]

Fourth Quarter, 2017 My Comments and Opinions   Before we review the final quarter of 2017, let’s take a look at the recent spate of market volatility, which is likely caused by computerized sell programs, institutional sellers and panicked TRADERS.  Traders are fast-paced ‘in-and-out’ opportunistic profit hunters. In my opinion INVESTORS are different. They take […]

  SECOND and THIRD QUARTERS, 2017 MY COMMENTS AND OPINIONS THE ECONOMY “The US Economy grew by 3% in the Second Quarter, the best performance in two years. The current recovery has entered its ninth year — long by economic standards — but it is showing some unexpected vigor. The Commerce Department said on Wednesday […]