A Few Dollars More

      As the month draws to an end, investors are hoping to notch up at least one positive month of returns for the year, no matter how small. I imagine even a flat month, given the news, would be a Herculean feat.  So far I would consider this weeks “rally” off the lows as less [...]

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Yes, by any yardstick, I’ll take a short, sharp couple of quarter’s recession over revisiting the pain of the Seventies. The problem is no one is giving you or me the choice.
Stagflation, the simultaneous occurrence of high inflation, high unemployment and slow economic growth, battered this country for 13 years, from 1969 to 1882. [...]

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It is a good thing the markets were closed on Friday. I don’t think investors could have weathered another day of volatility even though the short week ended up 3% on the S&P and the Dow. We haven’t seen that for quite a while.
The week began on a down note. The collapse of [...]

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By Tuesday morning, I thought it was over. The S&P 500 was a mere three points above 1270, a critical level of support. We faced the abyss, teetering on the edge of another 8-10% decline in the market and then, like and angel from the sky, Ben Bernanke appeared with yet another $200 [...]

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“Home foreclosures hit record high,” “Homeowner Equity Lowest on record,” “Employers slash jobs most in 5 years,” need I say more concerning this weeks’ headlines? On the back of an ever-increasing torrent of bad news, the global stock markets faltered, stumbled and then fell this week.  Now we teeter on the edge.  The re-test of [...]

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