April Investment Comments

As investors are well aware, the post-election rise in the S&P 500 has reached double-digit proportions in just over four months.  Recently, we have noticed media speculation that the bull market must be coming to an end since individual investors are “euphoric” over stocks.  Many market professionals sneer that individual […]


Introducing James Skubik

We are pleased to introduce our newest investment professional, James Skubik.  James has served as an equity analyst for two local investment firms.  He has also worked with JPMorgan Chase in the structuring of asset-backed securities.  We hired James out of 400 resumes received because of his deep analytical abilities, […]


March Investment Comments

We have just come through a very strong Q4 “earnings season,” the time of year when companies report their quarterly year-end financial results.  According to FactSet Earnings Insight, authored by John Butters, with 71% of S&P 500 companies reporting as of February 10, the market’s blended sales and earnings growth […]


The True Cost of Indexing

In the past few years I’ve met quite a few index investors who want to lecture me about why indexing is the one and only smart way to invest.  Their smug superiority is really starting to get to me. Indexing is a good way to invest, but it’s certainly not […]


January Investment Comments

Is it anticipation of better economic growth that has investors in a buying mood, or is it fear of being left out of a powerful rally?  Many investors are skeptical of the current stock market rally because stock valuations were already stretched at a time of slow economic growth.  Recent […]


December Investment Comments

After 34 years, could the secular bull market in bonds finally be ending?  Interest rates spiked—meaning bond prices fell—in the wake of the Republican Party’s shocking electoral sweep.  The move ran counter to conventional wisdom, which says that investors flee to the safety of sovereign debt in times of uncertainty. […]