Do we really need Wall Street analysts when they cannot even tell us the most crucial piece of information in investing? I am talking about when to sell.
We have had a pretty impressive run in stocks during the past nine years, especially over the past 15 months. What shocks me is that incredibly few Wall Street analysts are coming out and downgrading stocks to sells. Read More
What I love about the way I invest is that even when my opinions are wrong, I can still make money for my clients and myself. Most investors cannot even imagine doing that. I can make money when I am wrong because I use options strategies to invest. Read More
With the markets hitting all-time highs almost every day, it brings me back to other time periods of my career when people could argue that the stock market might be getting overvalued. When I think to 2000 and 2008, I remember friends and family coming to me afterward and asking for me to help them. Obviously, there is nothing you can do after the fact; it’s like asking to buy insurance after the accident. Read More
When I hear the phrase, “this time is different,” especially in reference to the valuation of the stock market or a particular stock or asset class, I laugh. Because I have heard it over and over through-out my 23 years in the market, and it always turns out that this time was no different than all the other times. Read More
Warren Buffett was quoted as saying that derivatives were weapons of mass destruction. I would argue that Warren has it wrong! When the next market correction comes and it will, probably sooner then everybody who has been investing in this market at these levels will soon find out. Read More
“A billion here and a billion there, and pretty soon you’re talking real money” – says fmr. Senator Everett Dirksen regarding regulations.
For all the jib-jab this election season over taxes and spending, any talk of the “gorilla in the room” — the billions and billions wasted each year in the name of federal regs — is a pretty rare bird. Read More
Dennis Hastert, the former Speak of the House of Representatives, is a creep who belongs in jail, maybe worse. But Hastert isn’t going to jail for his sex crimes, or for that matter the seedy (but legal) “hush money” that he paid his victim. Read More
Democrat socialists are the biggest hypocrites. Hand it to John F. Kerry. Among of the left-wing politicians complaining about “the rich” and raising taxes while at the same time dubiously making themselves very, very rich, Kerry seems to be better at it than anyone else. Sure, the Clintons have raked in $156 million in speaking fees since Bill left office, and there’s the crooked, “Clinton Foundation” slush fund. Read More
United Healthcare is abandoning ObamaCare (for the most part), and it’s is probably the leading edge of a mass exodus from Obamacare markets by other insurers. This will be a classic death spiral: as each insurer leaves the markets, it will ratchet the burden (losses) on those still there, and there’s more incentive for others to leave. Read More
One problem for Bernie Sanders, Hillary Clinton and their left wing comrades never really goes away. I’m not talking about scandals, bad judgment, poor track records, etc. – all of these slip right off the left wing Teflon. I’m talking about economic reality. Read More
If you thought the 2016 presidential circus campaign couldn’t get more entertaining, maybe you forgot: Bill Clinton is back, he’s ready to be America’s First Dude, and we are going to hear a lot from him until November. He’s also a few decades older than the last time he really campaigned and like a lot of men around his age, he’s lost his “filter.” Read More
