Putting Your Cash to Work

March 28, 2016 10:30 am

It is not unusual for a client to call me and want to put some cash to work. “Is this a good time?” the client often asks. While I am a firm believer in investing, how I answer that question depends on the person I am talking to. Many people find it difficult to part […]

Outlook for a Recession

February 29, 2016 5:59 pm

If one looks at the returns for the S&P 500 from 1980 through 2015, the “down years” (returns of negative 7% or greater at year end) have all been tied to one of three events: a recession, a bubble bursting, or a credit crisis. In this week’s commentary, I talk about the first cause of […]

Talking you off the Ledge

February 1, 2016 3:56 pm

January was an exceptionally rocky month for stocks. But our clients have been remarkably quiet, calling us infrequently about the markets. Have we done an extremely good job of educating them not to panic? Or have they just come to accept volatility’s drama? Or, are they simply very busy and ignoring the negative sentiment pervading […]

A Volatile Start to 2016: What’s Driving the Markets These Days

January 21, 2016 8:06 pm

There’s an old axiom that when looking to buy a house, the only three things that matter are “Location, Location, Location.” Well as 2016 has started, the market has really begun to worry about “Oil, Oil, Oil.” Yes there are other issues, many of which you are all quite familiar with, but at this point […]

2016 Outlook: The Wall of Worry

January 4, 2016 5:21 pm

Going into 2016 the Wall of Worry is high. Then again, stocks traditionally climb that wall of worry. Even in 2015, when there seemed to be a mountain of fears, stocks were resilient. The Nasdaq ended up; the S&P was pushed very modestly into positive territory and the Dow was essentially flat when dividends were […]

The Power of Words in Moving the Markets

December 7, 2015 5:23 pm

Markets, like most investors, need to have their financial concerns answered in simple, understandable language. Once again, last week, we saw the power of words inflict volatility on the markets. It wasn’t the first time a central banker was caught by miscommunication. Last September, Janet Yellen, the Federal Reserve Chair, faced a press conference and, […]

Volatility – When to be Nervous and When to be Calm

November 9, 2015 5:25 pm

Now that the August/September swoon has passed and the markets have recovered their swagger, I can talk about volatility without sounding alarmist. Volatility is simply the relative rate of price change, meaning how far the price of an asset moves from a particular reference point. Volatility can be low (small moves) or high (dramatic moves) […]

Mixed Messages and the Q4 Stock Market

October 5, 2015 3:29 pm

Talk about mixed messages! First there is the economy itself. For most of the year, the data has been positive (housing, labor, consumer spending, credit availability, inflation, etc.). However, it is not unusual for a negative indicator to be released alongside a positive one, throwing doubt as to the direction or pace of the recovery. […]