The Stock Rally Continues

After a two day pause earlier this week, stocks are finishing the week strongly. As of Friday afternoon just before the close, the SPY is trading just above 285; a level we haven’t seen for about a month. Yay! Of course, stocks are still quite a ways below the all-time highs in February just before… Continue reading The Stock Rally Continues

No, This Is Not the Bear Market Bottom … according to Richard Bernstein

Here is something from Barrons.com that might interest you:  Richard Bernstein: No, This Isn’t the Stock Market Bottom https://www.barrons.com/articles/richard-bernstein-no-this-isnt-the-bottom-51585923888 We are still 38% in cash, except for the aggressive portfolios. Other asset classes are becoming slightly less volatile. As that continues we will put more cash to work. However, if we have another big leg down in stocks,… Continue reading No, This Is Not the Bear Market Bottom … according to Richard Bernstein

Stocks Rally at the End of March

We are finishing March focused on managing risk (volatility). We avoided the worst of the crash by (for the balanced portfolios) selling all of our stocks and half of our real estate before the crash began. The timing was fortunate, but not pure luck, because I was very concerned that the covid-19 virus would cause… Continue reading Stocks Rally at the End of March

We’ve Had a Couple of Very Good Days

Last Friday, I was getting a little down. I was hoping for some kind of bounce to begin last week. Well, our bounce began this week. While stocks were mostly down yesterday, our gold, silver and gold miners made a big move up. Today, everything but US Treasuries is up big… perhaps in the hope… Continue reading We’ve Had a Couple of Very Good Days

My Optimism is Fading on Friday the 19th

During this week, I was hopeful we would see some kind of snapback rally off the recent stock market lows. At this writing, 12:42 Central time, I’m beginning to have doubts. It seems that every upward move is met with relentless selling over night. Today, there was an upward move in the morning that didn’t… Continue reading My Optimism is Fading on Friday the 19th

My Annual ADV and We May Have a Market Bounce

As of this writing on Wednesday 3/18/2020 at 9:16 Central, it looks like the markets are trying to rally from the lows of recent days. We should have an idea by the end of today. Also, attached for your reading pleasure (just kidding) is my annual update to the ADV Brochure update which FINRA regs… Continue reading My Annual ADV and We May Have a Market Bounce

The Day After the Fed Capitulated

At the time of this writing, the S&P-500 has given back 7.5% of the 9.5% last minute rally from last Friday, 3/13. This after the Fed lowered interest rates to basically zero, then started QE four. You can forgive people for thinking that if the Fed took such drastic action, things must be worse than… Continue reading The Day After the Fed Capitulated

Crash. Here’s What We Are Doing

At this writing, 8:24 AM Central Time on March 12, 2020, The SPY ETF (S&P-500) is down to where it was in JULY 2017 (and December 2018 during that mini-bear)! That’s more than 2 1/2 years of stock market gains wiped out in less than one month. Thankfully, we have plenty of cash with which… Continue reading Crash. Here’s What We Are Doing

The Fed Steps In

What a wild ride since Friday! Over the weekend we heard about more cases of the virus and more deaths. On Monday (yesterday), we saw markets test the lows of Friday during the pre-market hours, then rally during a very volatile day for a big percentage gain. This morning stocks began to weaken and began… Continue reading The Fed Steps In

Ending February in Good Shape

I’ll crunch the numbers over the weekend, but as of Friday Noon, 2/28/2020, our balanced portfolio clients will finish February up nicely year to date while the S&P-600 looks like it will finish the month down about 6% or so. The aggressive portfolios are remaining aggressive (you know who you are). It has been a… Continue reading Ending February in Good Shape