Long-Term Investors: Hold On

Markets continue to roil, further depressing equity and portfolio values. Once again, the determination of long term investors is being tested. In our view, the disconnect between the current economic environment and market perceptions continues to widen. The distress in Greece is creating issues that appear to be self-fulfilling prophecies for many financial institutions in … Continued

How It Really Is

President Obama has suggested it is time to raise income taxes for “millionaires and billionaires” but beyond the rhetoric, this applies to anyone earning over $200,000. The two “Warrens” (Buffet and Elizabeth) have also recently weighed in on the merit of an income tax increase and with this avalanche of support, it reminded me of … Continued

What Am I Missing?

Following the conclusion of the GM/UAW contract negotiations, it was revealed that one component of the contract was that each worker would get a “signing bonus” of $5,000 each if the contract was approved by the rank and file. Does it strike anyone else as a bit disturbing that the company would be passing out … Continued

Can the Government Do Anything About Unemployment?

Yes, but there are some difficult and potentially contentious hurdles. In the interest of perspective, it would be helpful to consider the public and the private sectors separately. The Federal Government, through State or local governments, could simply begin hiring, or provide funding for non-federal hiring. The problem with this approach is that it requires … Continued

Let’s Get Out of This Mess We’ve Gotten Ourselves Into

On Friday, September 2, 2011, President Obama announced that he was suspending the Environmental Protection Agency’s rule tightening air quality standards, recognizing that the regulation was certain to impair job creation in an already poor economic and employment environment. Last December, President Obama also signed legislation extending lowered tax rates enacted during the Bush Administration. … Continued

It’s All Greek To Me

Equity markets have proven their penchant for volatility in August. The last few trading sessions have been mostly positive though. As the volatility temporarily fades from the radar screen and we turn our sights to other matters germane to investment decision making, we thought it notable that Greek sovereign bonds are currently trading for anywhere … Continued

Investors Who Held On Since 2008 Made Right Move

We thought this was worth sharing: “Investors Who Held On Since 2008 Made Right Move”.  This was published August, 19, 2011 on CNBC.  They report three key findings: Those that changed equity allocations to zero and stayed clear of stocks had an average balance increase of only 2%. Participants who exited after the crash and recently … Continued

Philosophy Without Sweat

Dylan Ratigan caught my attention twice within the past week. The first, during his self-admitted televised rant and the second, his follow-up article where he, after gathering his thoughts, put together a more detailed explanation of his opinions (review for yourself here). Reading this explanation three times myself, I found the undertones to be quite … Continued

Commentary on Today’s Market Volatility

The confluence of events over the past few weeks continues to rattle markets, with recent events culminating in Friday night’s downgrade of the United States credit rating from AAA to AA+. The downgrade is a source of embarrassment for our nation. While one can agree or disagree on whether the action should have been taken, … Continued