I hope everyone had a nice Thanksgiving! While we were eating our turkey the leaders of OPEC met to discuss their plan for oil production. As the price of oil has dropped dramatically many traders had expected OPEC to drop its production in an attempt to lower supply and get prices moving upward once more….
“The difficulty lies not so much in developing new ideas as in escaping from old ones.” ~ John Maynard Keynes Our instincts on the market downturn seem to be correct. We touched the magic ten percent correction threshold and the market has been rallying since. Predicting the future is impossible of course, but the odds favor…
We may finally be getting the long-awaited market correction. The market has been volatile and the momentum is negative. Based on the S&P 500 we are down about 4 percent from the high, still positive year-to-date, mind you, and up considerably over any reasonable period. This leads to several questions, most importantly: Should I be…
While the market just keeps churning and not really moving in either direction, there have been a few significant newsworthy happenings of late. The California Public Employees’ Retirement System, better known as CalPERS, has exited hedge funds; legendary bond manager Bill Gross was shown the door at the firm he helped create, Pimco; and the…
I walked in the office bright and early yesterday morning and was greeted with the same message we have been hearing for some time: The Nasdaq is higher than it has been since 2000. The Dow and S&P are at record highs. The message seems to be getting through, because we are hearing it from…
