This summer has been about as hot as I can remember. When it is this hot, you want to do what a dog would naturally do – slow down, find some shade and take it easy. This reaction is about the only logical explanation for what is happening in the market right now. Sure, things…
Does it feel like déjà vu all over again? This market correction is going on longer than most – and we – expected. So what is the market telling us? The economic recovery is stalled. It appears at this moment that the surge we got in Q4 2009 was a rebuilding of inventories and now…
It has been a life-changing month for me and my family. For those of you who do not know, on May 15th I was hospitalized for treatment of a pulmonary embolism. I had multiple blood clots in both lungs, which the pulmonologist estimated were blocking 90% of the blood flow from my heart to my…
Today marks the first technical correction (commonly defined as a price decline of at least 10%) that we’ve seen since the beginning of the current bull market that began in March of 2009. We first referred to the possibility of a correction in our February 4th Insight and while we were a little early in…
Just after 2:30 p.m. today one of our analysts stormed into my meeting to tell me the market had just plunged 8% in a matter of minutes. At first I thought he must be wrong. I have been through some big market declines, but this was the biggest thing since 1987. Indeed, the Dow had…
