It is time to put cash to work. This weekend the Greek electorate goes to the polls. Anything can happen and that’s why it is a good time to invest. (more…)

Factory jobs are returning to the United States. So far it is only a trickle but the point is that the trend has begun to reverse and that’s good for America. (more…)

It was one of those ‘scratch your head’ weeks on Wall Street. Markets rallied in anticipation that both the European Central Bank and the Federal Reserve were going to announce some kind of new stimulus. Investors walked away empty-handed. (more…)

Oil prices are dropping and those declines are starting to show up at the gas station. For American consumers, this is as good as a tax cut. (more…)

We witnessed some panic on Friday. U.S. Investors, already concerned with events in Europe, were seemingly stunned by the decline in the jobs data. What happens next should be interesting.

Bears Rule the Day

(more…)

This week the ten -year U.S. Treasury Bond hit a record low of 1.63%. That can be good or bad news depending on your circumstances and where you are in terms of retirement. (more…)

Traders are afraid to hold securities, especially stocks, over the weekends. Every Friday afternoon positions are squared and Wall Street goes home with few if any overnight positions. This three-day weekend you can bet cash will be king. (more…)

We are mere points away from 1,300 on the S&P 500 Index. That is a drop of over 7% in the first 17 days of May. Don’t be surprised if you see a spike in the averages in the next few days, but don’t get too excited. (more…)

It has been almost five years since the start of the financial crisis. In its second year, the so-called recovery has been disappointing, unlike any other economic cycle since World War II. At the heart of this failure lies our country’s inability to recognize why this time it is truly different. That difference can be summed up in one word—credit. (more…)

“Play it once, Sam, for old times’ sake, play ‘As Time Goes By’.”–Ingrid Bergman

“You played it for her, you can play it for me…If she can stand to listen to it, I can. Play it.”–Humphrey Bogart.

Casablanca

The Same Old Song?

Last year the bull market rally began to run out of steam on May 2^nd. Over the next two months, the Dow fell 1,000 points to the 11,900 level. There was then a rally that took the averages back up to a little over 6% before giving up the ghost once more on July 26^th . It continued to decline until the beginning of October, falling all together about 20%. (more…)