Supermarkets evolve to survive

  We take our local supermarkets for granted. Like gas stations, there seems to one on almost every corner, at least in suburbia. With competition from a variety of sources, supermarkets have been forced to reinvent themselves and are doing a good job doing just...

Earnings keep the market in check

After touching new highs, once again the indexes retreated but, with the exception of the Dow, are still in the upper end of their trading ranges. Second quarter results are following the usual pattern of earnings “beats” but fewer investors seem willing to play that...

Are you ready for El Niño

  It’s that time again. Trade winds in the Pacific are blowing west to east, pushing warm water to the surface. In times past, those conditions created havoc with much of the world’s weather creating everything from fires to floods, sometimes, in epic...

O Ye of little faith

What a difference two weeks make. Back then, if one took the warnings/advice of the media and much of Wall Street, we were facing financial Armageddon. Today, the markets are flirting with new highs. What lessons can we learn from that? Number one: the media’s first...

When “no” means “yes”

A Greek referendum less than two weeks ago delivered a resounding “no” when voters were asked to approve the European Community’s austerity ultimatum in exchange for a new bailout. While Grecians danced in the streets, global markets tumbled, but fast forward ten days...