Why The Stock Market Is Poised To Disappoint For A Decade Or Longer

My Comments: I've been accused by some readers as being completely out of touch with reality. It's largely because my experience with markets over the past 50 years suggest the market performance over the past 6 months is divorced from reality. Meanwhile the market keeps showing signs of both optimism until it isn't. In my …

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The House of Cards is Ready to Collapse

My Comments: I make no claim to being clairvoyant. I can assert, however, that until recently, I spent 45 years as a self-employed professional in financial services and have a basic understanding of how the investment markets work. What many observers miss when commenting is that those of us who are retired don't have decades …

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The Stock Market Flood Gates May Have Just Opened

My Comments: As I write this Tuesday morning, early trading suggests what happened last Thursday and Friday is continuing. I have no idea where today will end or whether we're looking at a dramatic fall. I wouldn't be surprised if it continues this week and next. All I can say is good luck and don't …

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Making Sense Of Thursday’s Market Rout

My Comments: I make no claims about knowing what’s going on or how the future markets will unfold. I do know that I’ve been expecting a correction for months and have been on the sidelines since the recovery began last March. I’ve justified that because I’m more or less retired and don’t need to take …

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How To Prepare For The Greatest Wealth Transfer In History

My Comments: As a nation, we have three concurrent crises to deal with. The first and foremost is the pandemic. Nothing we accept as normal is going to return to normal until we find a way to control it. And that's complicated by the fact there is evidence it's mutating and becoming more easily spread …

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The Next Market Plunge?

My Comments: I'm not a prophet of doom. Never have been and haven't changed my spots. But I am a realist when it comes to investing in the markets. I've been in cash since March and missed most of the 3 month rally since then. Disappointing but... Some readers of these blog posts have laughed …

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A Huge Market Crash Coming?

My Comments: I have no earthly idea if these guys are right or wrong. What I do know is that we're at war, we're losing, and the markets keep climbing as though their pants are on fire. There are clearly people who think it's different this time. I've been around those kinds of people before, …

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Market Update: The Tail Is Wagging The Dog

My Comments: After 45 years participating in the markets as an investor and as a Registered Investment Advisor Representative, I've become genuinely flummoxed by what we're seeing almost daily on Wall Street. In my limited frame of reference, it makes no sense. There are too many previously reliable signals that what we see happening suggests …

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Rogoff: Why This Time is Really Different

My Comments: Two things of note before you get too far into this post. One is that I distrust assertions that "...this time it's really different". Too often it proves to be wrong. This time it may be right. Two is that I'm scaling back my efforts to present a blog post every weekday. I've …

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A three-phase recession will be ‘unlike anything we have seen in modern history’

My Comments: Mindful that we could use some good news, this may disappoint most of you. But it is what it is and like so many messages these days, we all need to come together as one and fight like hell for a better world. But the reality of economics, just like the reality of …

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