It is always hard to tell what will actually trigger a correction. This week it seems like Cyprus is the culprit. The story out of Cyprus is almost surreal; the thought that the government could just come in and take ten percent or more of your savings is bizarre to our ears. In an almost…
2013 has gotten off to a wonderful start for equity investors. After what must be one of the luckiest years on record in 2012, the S&P 500 continued the ride up more than 7 percent year to-date, and then the Fed had to go and ruin the party. The minutes of the last meeting of…
The fourth quarter 2012 Gross Domestic Product (GDP) number came in earlier this week and it was surprisingly negative, -0.1 percent to be exact. Jim Cramer, the colorful CNBC personality, immediately called it a “one-off.” In other words it is just a statistical anomaly to be ignored, and the market has pretty much acted accordingly….
So we went over the cliff after all, but only for a day. There is much to dislike about the deal that avoided the worst-case scenario for across-the-board tax increases; what one decides to dislike will depend on politics, but regardless the deal was a compromise and these days that means no one will be…
Instead of boring everyone with more discussion about the fiscal cliff, I thought I would take an opportunity to provide some insight into how investment professionals actually find investment opportunities and the difference between investing and speculating. Apple provides us with that wonderful opportunity. Apple is one of, if not the most, successful companies in…
