a blog about investing
The stakes are rising. On Friday, Vladimir Putin seemed to suggest that an attack on its ally, Syria, would provoke a response from Russia. President Obama stubbornly maintained that we will still take military action against Syria, who he accuses of breaking international law by gassing innocent people. Historically, financial markets don’t take well to the threat of war between super powers. read more…
August was not a great month for stock markets. September could be equally disappointing. After months of higher highs, a consolidation phase should be expected but it is not the end of the world. read more…
Over the last two decades America has participated in three different wars and several military interventions. The economic bill for these actions has been substantial. Today, intervention in Syria is front and center. In this age of supposed frugality, why are Americans still willing to pay for air strikes on Damascus or anywhere else? read more…
If you have been thinking of trading up to a new car, this may be the time to do it. Used auto prices are selling at 16-year highs but your window of opportunity is closing fast.
They arrive at night or at odd times when most of us fail to notice. In small towns and large, in desolate strip malls and out of the way commercial spaces, store fronts pop-up, as if by magic. The costume stores have come to town. Halloween is coming, so get ready for what has become the third largest party night in America.
“He’s a real nowhere man,
Sitting in his Nowhere Land,
Making all his nowhere plans
for nobody.” The Beatles
If there was ever an argument for staying on the sidelines, this week’s market action should have driven that point home to even the most aggressive investors. We are betwixt and between, groping blindly through a fog of confusion, rumors and false starts. Over the short-term expect more of the same. read more…
A common perception on Wall Street is that October is the worst month of the year for the market. It is true that the month has historically failed to provide stellar returns, but it is actually September that deserves the title of the worst market month of all.
“Highway to the Danger Zone
I’ll take you
Right into the Danger Zone”
Kenny Loggins from the movie “Top Gun”
One would think that the world is coming to an end. By Friday morning every headline, every opening sound bite on television and on the radio began with the massive declines experienced by world stock markets this week. Take all this with a grain of salt.
As disappointed global stock markets plummet in response to the U.S. Federal Reserve’s latest stimulus initiative, few investors are paying attention to what may be the Fed’s real intention behind this new plan—mortgage refinancing.
Over the last few months, the stock market has traded in a range that has confounded both bulls and bears alike. Now, we are fast approaching the top of the range once again. Will the averages disappoint once again or are we on the verge of a break out?