Throw out the new, embrace the old, not something you see often on Wall Street. But as technology stocks and other high flyers continue to get trounced, utilities and other oldies but goodies are doing quite well. (more…)

 

 

“You, you said that they — What’d you say just a minute ago? They had to wait and save their money before they even thought of a decent home. Wait? Wait for what?! Until their children grow up and leave them? Until they’re so old and broken-down that — You know how long it takes a workin’ man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you’re talking about, they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath?”

George Bailey, “It’s a Wonderful Life”

 

The most expensive home ever sold in America occurred over the weekend in “The Hamptons,” Long Island’s playground for the one percent. Just a week before that a Greenwich, CT estate sold for $120 million. At the same time, the percentage of America’s first-time home buyers is at its lowest level since 2008. What does that say about homeownership in the United States? (more…)

 

It was a great April non-farm payrolls labor report. The headlines read that job growth in the Unites States increased at its fastest pace in over two years, while the unemployment rate fell to a five-year low.  Taking a peek beneath the headlines, however, all is not as it seems. (more…)

Many of us yearn for the day we can retire and live the good life. However, too many Americans plan to retire at age 62 simply because that is when they become eligible to collect Social Security. That might not be a good idea in the majority of cases. (more…)

This week several multi-billion dollar deals were announced in the pharmaceutical sector. Mergers and acquisitions on a global scale appears to be heating up in this sector with over $140 billion in transactions so far this year. What’s behind this feeding frenzy? (more…)

 

Investors began to focus on events in Ukraine this week as a continuing stalemate between Russia and the West erupted in gunfire. That bloodshed stopped the market dead in its tracks. The question is, for how long? (more…)

Easter Bunny Bounce

 

This holiday-shortened week saw a relief rally that began on Monday and carried through until Thursday. The markets still have further to go in the coming week before we once again reach the top of this four month long trading range.  (more…)

 

This Friday the stock and bond markets will be closed to commemorate the crucifixion of Jesus Christ, or so the theory goes. But that is just one of the many myths involved in this holiday and its origins remain a mystery. (more…)

This week the eight largest U.S. banks were told they need to increase capital by about $68 billion. In some ways it is too little, too late in the government’s efforts to prevent another financial meltdown. Nonetheless, the regulations do provide an increased level of safety for taxpayers. (more…)

 

As spring finally arrives throughout the country, you would think the stock market would celebrate, but not this year. The indexes were slammed again this week and we can expect more of the same in the months ahead. (more…)