Market Commentary

Buy and Hold Works!

December 11, 2009

Following a rare decade in which bonds outperformed stocks, many of the talking heads are declaring dead the tried-and-true strategy of buying quality companies and holding [...]

It Can Go Higher

November 18, 2009

Do you remember what you were thinking during the depths of the market decline? On March 9, 2009, the Dow Jones Industrial Average closed at 6,547 – down nearly 54% [...]

Damned If You Do

October 28, 2009

Markets began the week nervous about a large supply of US Treasuries to be auctioned. The main worry was of higher rates if demand for the new debt proved thin. With so much [...]

Rumination

October 8, 2009

Since our last meaningful market correction (7% decline from mid-June to July 10, 2009), the S&P 500 has risen over 21% in less than 3 months. The best-performing [...]

Un-Labor Day Thoughts

September 8, 2009

August Unemployment data were released this morning and the numbers were not as bad as expected. The rate of job losses is slowing, and some economists think that the rate of [...]