The Fed Will Save Us All?

We’ve certainly had a rip-roaring start to the year. The first question is, is that deserved? What happened to create this great start? My belief is that two basic things happened to create the big January. First, markets got deeply oversold in December, and...

What Happened to the Recent Market Panic?

Around Christmas, when the market was down about 19% from its September 2018 peak, I wrote a blog (Don’t Panic! – December 28) urging people not to participate in the market panic that was going on at the time. Was that good advice? It would be hard for it not...

Don’t Panic!

Panic seems to be the keyword of the day for investors. As an example, CNN’s Fear and Greed index just hit 5, its all-time Fear extreme. The worst time to panic is after other people have already panicked. People who panic tend to do dumb things. “I want out....

Is Wall Street Selling a Paper Sun?

So you think you’re having good times With the boy that you just met Kicking sand from beach to beach Your clothes are soaking wet But if you look around and see A shadow on the run (on the run) Don’t be too upset because it’s just a paper sun   ...

Are Staples Now Like the Retail of 2017?

When we bought retail stocks in 2017 it was a deeply unpopular trade. Nobody wanted them, as apparently Amazon (AMZN) was going to take over the retail sector all by itself. There were certainly days early in the process that weren’t much fun. One of our retail...