“You cannot overestimate the unimportance of practically everything.” — John Maxwell “Drinking coffee at night disrupts sleep says study.” “Mishka the sea otter learns to use an inhaler.” “Sell everything ahead of stock market crash, says RBS economist.” “Brexit may be a Lehman moment.” “Goldman Sachs says oil to plunge […]

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August Investment Comments

The current economic expansion in the U.S. is now 73 months old, the fifth longest on record.  While recent data continues to support expansion, the risks of stagnation or contraction in the rest of the world’s economies are impacting the U.S. in ways that no one predicted. The most obvious […]

August Investment Comments

It may not feel like it, but financial markets have actually been pretty quiet lately.  The S&P 500 just posted a flat month.  Its six-month performance is also flat.  The U.S. dollar has been stable lately at the low end of a range it entered at the start of early […]

A Childlike Sense of Wonder

The days blend together, don’t they?  That’s the feeling of predictability.  We develop a routine that’s comfortable, and we don’t change, no matter how bored we get.  We grow jaded. To keep things fresh, we’re supposed to try to preserve our childlike sense of wonder.  That sounds great, but what […]

June Investment Comments

After rebounding nicely from mid-February lows, the S&P 500 has been flat.  The break from volatility has been welcomed, but investors would like to see share price gains.  While there is good reason to believe the balance of 2016 will see progress, lack of earnings growth and elevated market valuation […]

The Aspirational Investor

I often read Jason Zweig’s column in the weekend edition of the Wall Street Journal.  On January 16/17 of this year he discussed the daily swing of the S&P 500 by at least 1% on seven of the first 10 trading days of 2016 and how the impact of that […]


April Investment Comments

The S&P 500 spooked investors by dropping 10% in the first three weeks of 2016.  After seven straight years of positive total returns for the S&P, it looked like the jig might finally be up this year.  However, the index has rallied sharply, starting in early February and is now […]