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July 1, 2013

I attended the Morningstar Investment Conference in mid-June and again it was well worth the expense and time. Unlike other meetings where sponsors pay large sums and end up being the speakers, attendees pay to attend and Morningstar analysts pick speakers who they think have the best thoughts on the markets. This year John Bogle, the 80+ year old founder […]

April 1, 2013

We have had a good, productive, and profitable quarter. The S & P was up 6.61% and markets are close to their 2007 highs. I think the risks of the market (Europe, China, the Sequester, and now North Korea) are well known and are priced into the market and we will continue to be rewarded with reasonable returns. All the […]

January 3, 2013

I hope you and your family had a great Holiday Season and I wish you good health and prosperity for the New Year. Being American and living in this country is a blessing and I am grateful for all the opportunities we have. On the investment front it has been a great year for equities. As usual the stock market […]

October 1, 2012

Another quarter has ended and while the sword of Damocles is still over our heads the string holding it has been reinforced. Three things have improved the situation, two in the EU (European Union) and one in the US. The German court cleared some of the hurdles to Germany Bank), the counterpart of our Federal Reserve Bank) has passed rules […]

July 2, 2012

Obamacare has most recently captured the headlines but to quote an economist from TD Economics, the “Eurozone debt crisis is hanging over the global economy like a sword of Damocles.” The good news is we are still growing. The DOW opened the year at 12,397, went up to 13,264 the first quarter and then has dropped to 12,880 last Friday to end the […]

April 1, 2012

What a difference a quarter makes. The S&P has gone from its January 3rd opening price of 1,277 to 1,408 on March 30th. This compares to all of last year with an opening price of 1,271 and ended the year at 1,257 for a loss. The Greek “situation” has, for now, been solved by the ECB (European Central Bank) printing […]

January 4, 2012

I hope you had a good holiday (Christmas, Hanukkah, Saturnalia, Bodhi Day, the Winter Solstice, Eid Al-Adha, etc.) and have a great New Year. As I get older it is amazing to see how fast a year can go by. This year was no different with the passing of really good people; Steve Jobs and not so good Kim Jong-il.  […]

October 1, 2011

One of the phrases you hear about the market is “Stocks will climb a wall of worry”.  The market took back the gains of the first part of the year and the DOW just closed down 241 points. While we never truly know the cause, I believe it to be Greece and our weakening economy. Here’s my assessment. Greece has […]

July 1, 2011

I hope this finds you well. When I write this report it is amazing to me how much goes on in the world. Bin Laden has been killed, the Middle East is having its “Spring”, Greece is close to bankruptcy and the European Union and IMF (International Monetary Fund) are working on what to do about it, China is preparing […]

April 1, 2011

I have just finished reading Greg Easterbrook’s “Sonic Boom”.  It is very relevant to all the changes today. Easterbrook discusses the rapid and unpredictable events that will be going on in the world. These changes, in general, will bring about positive changes for the United States and raise the living standard of everyone around the world. The speed of these […]