Second Mouse Gets the Cheese

Posted on Sunday, June 21st, 2020

Howard Marks. Stan Druckenmiller. David Tepper. Legend after investing legend is coming out of the wood work to explain how overvalued the market is. Markets don’t go down because they are overvalued. That’s a condition of the market that predates a fall – it doesn’t cause it. The legends’ comments tell us one thing. The… read more.

Fed Driven Lunacy

Posted on Sunday, June 14th, 2020

We were able to see four different walls this week as we took the show on the road to Hilton Head Island. The wife and kids needed a break. I haven’t struggled as much I suppose because I have been so busy. Bored has not been anywhere on my list since February. Hilton Head was… read more.

Our WW II Moment

Posted on Saturday, June 6th, 2020

2020 – Pandemic, global trade halted, lockdowns, 20% unemployment, riots – Even my most ardently bullish clients are getting bearish. Quite frankly, this market has roared back on central bank stimulus and the HOPES that we get some sort of V bottom and rebound in economic activity. The rebound will happen. The comparisons are that… read more.