Is that a horse or a camel?
“You know what a camel is, right? A horse built by a committee.” So goes the old joke, which is, unfortunately, playing out in Europe even as we speak. The seventeen nations of the European Union are...
View ArticleHappy New Year
Most investors would probably agree that they are happy to see 2011 filed away into the history books. Generally, it was an exciting year but not one that was very profitable. Investors toward the...
View ArticleAre The Markets Schizophrenic?
The markets were volatile in 2011, which can sometimes yield opportunity, but other times make trading exceedingly difficult. To explain the volatility experienced during 2011, I use a measure called...
View ArticleIt’s Morning Again in America
I’m still off on vacation, but when you wake up to this kind of sunrise on a winter morning in February, it’s hard not to be filled with the same sense of optimism I’ve been exuding back there in...
View ArticleMarket update
No surprises here this week. As we suggested last Monday, stocks continued to weaken (down the most in five months but just 2.12% in the scheme of things on the S&P) as they hit a short-term top,...
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