Pound Poor, Pound Foolish

You may have read that the British pound has had a very rough couple of weeks on world markets, losing more than 4% of its value against the dollar in one week, and continuing the slide through the next, finally reaching a 31-year low against the dollar. Part of the problem was a mysterious “flash […]

2015 Year End Report

In year just past, we experienced many things—a prelude to a Presidential election, a renewal of terrorist concerns, a trip to Pluto—but in the investment markets, we will look back and yawn. Despite some entertaining ups and downs, particularly in the third quarter of the year, the markets ended pretty much where they began, eking […]

2015 Investment Report: Dare to Believe?

 

Looking back on 2014, people are going to say it was a great year to be an investor. They won’t remember how uncertain the journey felt right up to the last day of a year that saw the S&P 500 close at a record level on 53 different days. Think back over a good […]

Should We Fear—Or Cheer—Plunging Oil Prices?

 

Chances are, you’re celebrating today’s lower gas prices. AAA reports that the national average price of gas is $2.60 today, the lowest since December 2009. The result: an estimated $70 billion in direct savings for U.S. consumers over the next 12 months. At previous prices, the average American was spending about $2,600 a year […]

Election Returns

 

Now that the midterm elections are safely behind us, a lot of people are wondering how politics will impact their investment returns. The conventional wisdom is that divided government–where one party holds the White House while the other controls the House, the Senate or both–is good for the markets. But is that true?

The […]

Relax on Ebola

Omigosh! There are cases of Ebola in the United States! Someone with Ebola has flown on a domestic airplane! Schools are closing in Texas! Let’s show photos of healthcare workers in Hazmat suits who look like they’re dressed for the Moon, and report on anyone who might have been exposed, whether or not they’ve […]

Good News or Bad News?

 

July joined January as the only two down months for the U.S. investment markets, and the month’s last week (down 3%) provided yet another exciting lurch of the roller coaster. But if you put it all in perspective, July’s overall 1.5% decline is relatively small and has since been mitigated somewhat by rising stock […]

Nobel Prize in Prognostication?

Yale economics professor Robert Shiller won the Nobel Prize in Economics this year, thrusting him into the spotlight of the mainstream media, and also making millions of investors aware that he has been predicting, for the past several decades, that housing and stock prices are due for a fall. Financial advisors everywhere are fielding different […]