This week I have had a hard time deciding what’s worse: this summer’s heat and humidity or the meandering markets. The averages barely budged over five days and the volume was, well, atrocious. (more…)

Hurrah for us. The “Curiosity” landing on Mars was the most complex landing NASA has ever attempted. The mission cost taxpayers $2.5 billion, but if history is any guide the economic payback to America will be much greater than that. (more…)

Do what your told

Years ago, it was our captains of industry who commanded the world’s attention. More recently, the spotlight of power was centered on Wall Street’s banks and brokers until 2008. Today, however, the heads of government and central banks are the market movers. (more…)


 Central bankers in both the U.S. and Europe disappointed most investors this week by failing to announce any additional monetary stimulus. But that doesn’t mean they won’t. What Wall Street fails to understand is that governments do things in their own time and pace. (more…)

Promises, Promises

Twice in the last month the stock markets gained well over a percent in less than an hour. Both times the markets had sold off all week only to snap back on any hint of good news. Markets are primed to go higher. All they need is a promise or two fulfilled. (more…)

Every summer for the last three years economists have announced that the housing market has finally bottomed. But in the same breath, they talk about a recovery they expect in the months and years ahead. I agree that the bottom is in but there is little sign of that promised recovery. (more…)

It is that time of the year when all eyes turn to the Fed. The economy is slowing once again and the junkies on Wall Street are jonesing for their annual stimulus fix. It looks like they are going to get one.

Investors need their fix


The Drought of 2012

            All you need do is look out your window to understand that a drought has descended upon our region. Aside from yellow lawns and possibly local restrictions on watering your grass, most of us here in the Northeast haven’t felt its real impact—yet. (more…)

This week global stock markets charged out of the gate with the averages making up for most of the ground lost since May. All three averages experienced two month highs until a bout of profit-taking brought prices back to earth at the end of the week.  I expect this summer rally to continue for the next few months.  (more…)

The statistics are some of the most accurate in the American medical community. Overall, 35.7 percent of the adult population and 16.9 percent of our children are obese. If you add in those Americans who are merely overweight, then two-thirds of this nation are on the road to higher health costs, a shorter life and a miserable life style. (more…)