a blog about investing
Problems began on day one. Since then the controversy has escalated until just about everyone has something negative to say about the Affordable Care Act. Aside from the litany of computer glitches and misinformation that has greeted the uninsured millions who have attempted to access HealthCare.gov, there are now new questions arising over benefits and costs. read more…
Here we are just a week away from surviving October, notoriously the worst month of the year. It’s been an up month so far and I’m increasingly optimistic. read more…
As part of my job as a money manager, clients will often call or send me some doom and gloom report predicting the next financial meltdown. If I had a dollar for every time these author’s predictions proved accurate, I might have just enough to buy a cup of coffee. Why then, do investors take them seriously? read more…
My hunch paid off. Investors continued to buy stocks this week hoping that Europe will be able to sort out its financial crisis within the next few weeks. Right now, the markets are in need of a few days of consolidation before breaking higher.
Occupy Wall Street, contrary to press reports, did not “come from nowhere.” The American grassroots movement that has spread to over 40 cities is a natural progression of protests that began in the Arab world this spring.
One could tend to dismiss this week’s market move as just another short covering rally triggered by unsubstantiated rumors from Europe. Friday’s sell-off in the face of fairly good unemployment data bolsters that premise. So why do I feel we have further to go on the upside?
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.