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…
I promised when we started this electronic newsletter that we would not clog your inbox just because some amount of time had gone by since our last Insight. We write when there is something of meaning that bares commentary. I also promised not to weigh in on newsworthy subjects outside of our expertise, so while…
Not much is happening in the markets worth writing about. No news is good news I suppose, but there is one bit of entertainment happening which may be a learning moment. As the golf world readies itself for the U.S. Open Championship one of the PGA Tour’s biggest stars, Phil Mickelson, is under investigation for…
I know that everyone does not think like I do, but somehow I am always surprised by how so many people just do not get math. For thirteen years I drove the same car. It was a great car and I loved it. Nothing lasts forever though, and I finally had to replace the vehicle….
