Markets are unpredictable in predictable ways. This malaise which set in at the beginning of this year just won’t go away. Even with the benefit of some positive days and even weeks, this selloff isn’t over yet. And it won’t be over until we get a capitulation.
History will look back at the aftermath of the financial crisis of 2008 as a glaring example of the dangers of reactionary regulation. Don’t get me wrong; regulation – rules, if you will – is absolutely necessary, but like many things in life it needs to be treated with respect. The danger in regulation is…
The December “Santa Rally” in the market came just in time for Christmas and then faded in the low volumes of the week between the holiday and the New Year. So far 2016 is looking like a dud. Saudi Arabia is not a big fan of Iran and North Korea is testing nuclear weapons. Those…
We live in a crazy world. Every time one sees the news he sees a world in turmoil. When we see the events in Paris and manhunts throughout Europe, the natural response is fear. For those of us fortunate enough to grow up in an era when world history was still taught, this is scary…
“I will not lie, cheat or steal and I will discourage others from such actions.” That is the honor code at my alma mater Culver Military Academy. There are similar codes at other schools, and while the language varies slightly, the message is the same: I not only will act with honor myself but also…
