Archive

A New Broom Sweeps Clean

Probably generally true, but the results may not become apparent immediately. Any time there is a significant change at the top, new president, new governor, new CEO or new coach, change is almost certain, but investors should consider the presence of a “lag” factor. Governments, businesses and athletic teams tend to have a built in […]

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Stock Market at Record Highs, What to Do?

Markets fluctuate. That is not new news and, as we have all seen, some of the fluctuations can be severe. With many of the popular averages at or near record highs, there may be a perception that stocks are fully valued, or even over valued. Maybe. Over the weekend, The Wall Street Journal, carried an […]

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Well the first thing ya’ know old Jed’s a millionaire!

As broad stock market averages and indexes in the US establish new highs, there is a great deal of debate as to whether these current elevated prices represent just another “bubble.” Only time will tell. But, as I review the landscape, I have a couple of comforting observations. The first is that, while the Standard […]

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Is Dow 16,000 just a number?

A reporter called me as the Dow Jones Industrial Average approached a close above 16,000 on November 21, 2013. “What does it mean?” she asked. I told her the standard pat answer is that 16,000 is just a number. However, given the sheer horror that most investors felt in 2009 when the Dow bottomed at […]

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Performance

Performance, like beauty, is in the eye of the beholder. Both are very difficult to define and do not lend themselves to all inclusive metrics. Think about it. The market is up, your portfolio is up, how is it doing? Compared to what? The Dow Jones Industrials, the S&P 500, small caps, mid caps, EAFE, […]

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Budget Deficits – Yours and Ours

Markets may again be reflecting concern over a renewal of the rancor and wrangling over budgets and debt limits in Washington, which suggests that investors should focus on the potential impact on portfolios. Budgeting is simple in theory but difficult in practice. Spending more than you are taking in, whether it results in a budget […]

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