Diverging Bond Markets
Equity markets worldwide are taking a pounding today due to a sell-off in Italian bonds. As the selling intensified this morning, the yield on 10-year Italian bonds has [...]
Inflation
The Fed Show. Bernanke Speaks
Fed Chairman Ben Bernanke held the first-ever press conference. By most accounts, the event was anticlimactic. However, I was able to reaffirm what I had already believed [...]
How Should You Invest Now? It’s A Game Of Chicken
For months investors have been speculating about when and how the Fed will begin to extricate itself from its aggressive intervention in the economy. As early as March 15, [...]
How Much Was Predictable? Count Your Blessings
This week’s market action has left a lot to be desired. But given everything that is going on, we should probably be thankful. After falling some 4-5% from its recent [...]
Good News For Now, But Watch Rates
Things appear to be heading in the right direction as we prepare to welcome a new year. GDP growth estimates are being revised upward, corporate profits are up sharply, and [...]
Has The Fed Lost Control Of The Bond Markets?
In mid October, 2007, the Dow Jones Industrial Average traded at an all-time high of about 14,200. In the weeks and months that followed, it moved progressively lower. By [...]
Heed the Warnings!
Europe’s travails can and should be teaching us something: Do not wait until it is too late to get your fiscal house in order. The United States is currently in the [...]
Change Your Investment Plan Now!
Timing Is Important Choose Your Ride Stocks Still Make Sense Timing is important. When the old Medicine Man was asked if rain dances really work, he answered that they most [...]
Thoughts for the New Year
Last week I gave a presentation to a group of clients and prospective clients in Bethesda, Maryland. In what has become an annual event, I provided a brief summary of the [...]
