Currency was first developed about 4000 years ago. Its genius was in the ability to supplant barter thus greatly improving trade and providing a better means for storing value. As…
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“With every new wave of optimism or pessimism, we are ready to abandon history and time-tested principles, but we cling tenaciously and unquestioningly to our prejudices.” ― Benjamin Graham, The Intelligent Investor…
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In this past weekend’s missive I wrote: “So…Should I “Buy The F*$(@!# NOKO?” My best guess currently is – probably. But not yet.” “In our portfolios, we will wait for confirmation the current sell-off…
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Last week, I was having lunch with a prospective portfolio management client discussing the current market, economic backdrop, and the related risk to invested capital. During our appetizer of stone…
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Market Drop Triggers Sell Signal Sector & Market Review Sector & Market Analysis 401k Plan Manager Follow Us On: Twitter, Facebook, Linked-In, Sound Cloud, Seeking Alpha Short-Term Sell Signal Triggered As…
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After a week on vacation, I got the joy of coming back to an Administration threatening North Korea over nuclear weapons. Now, you would suspect the possibility of nuclear war…
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According to the June 2017 snapshot from the Social Security Administration, nearly 61.5 million people were receiving a monthly benefit check, of which 68.2% were retired workers. Of these 41.9 million…
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Thanks to Jesse Felder, we recently stumbled upon a measure of economic conditions that has reliably signaled every recession since 1948. The data point, Real Value Added, is currently in…
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Don’t believe this bull cycle is going to end, or at least pause? Ready to believe this is closer to the fourth and not the ninth inning? You’re not alone….
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Over the last week, I was on vacation with my family taking a much-needed respite from the weekly workload. The good news is that usually when I go out of…
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When I was growing up my mother had a saying, or an answer, for just about everything…as do most mothers. Every answer to the question “Why?” was immediately met with the most…
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Just recently, the New York Post a very interesting article entitled “Millennials should start taking stocks seriously.” While I am sure the author is well-intentioned, it is a very misguided article in its…
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In a recent post by Jeffrey Snider he made an important observation: “In August last year, Dr. Krugman proved how little he has learned since March 2008 in chastising others…
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November 30, 1989, I remember it like it was yesterday. I was 8 years old, in Miss Duke’s 2nd grade class at Inwood Elementary in Houston, TX. Little did I…
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I know…I know… There seems to be absolutely nothing that can derail the current bull market. Geopolitical conflict – NOPE Political intrigue – NOPE Fed Reserve reducing liquidity to the…
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There is an increasing amount of commentary which suggests this time is different. Active management of portfolios is no longer needed, as Central Banks continue to be supportive of the markets,…
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Breaking Bull (Market) Is This The Bubble – Update Positioning Review Sector & Market Analysis 401k Plan Manager Follow Us On: Twitter, Facebook, Linked-In, Sound Cloud, Seeking Alpha NOTE: There will…
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Ah…yes. It is FINALLY that time of the year when I take a week off with the family for our summer vacation. Don’t worry, I have been fiendishly writing for…
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As a portfolio manager, I start each morning by consuming copious amounts of a heavily caffeinated beverage and a data feed from a litany of web and blog sites. Over the…
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Below are 22 realities to explain why 720Global does not recommend following the herd. Equity/Bond Valuations The S&P 500 Cyclically Adjusted Price to Earnings (CAPE) valuation has only been greater…
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