Feeding the Beast

Posted on Sunday, March 29th, 2020

  Every bottom has a bounce. Every bounce isn’t a bottom. – Mike Santoli  What a bounce it was!! While we all enjoyed the bounce this week we are under no illusions that we now in the midst of a new bull market. The largest up moves are usually in bear markets. It shows the… read more.

Time

Posted on Monday, March 23rd, 2020

At the bottom, stocks will be cheap and no one will care.”  – Bob Farrell Merrill Lynch Analyst The value of time. We can’t make more of it. We can’t buy it. T. Boone Pickens, legendary investor and oil wildcatter, gave a graduation speech at his alma mater. In it, he said he would gladly exchange… read more.

Exponential

Posted on Sunday, March 15th, 2020

There are decades when nothing happens; and there are weeks when decades happen. – V. Lenin If there was ever a week when a decade happened – that was it. I will skip the amateur epidemiologist spiel but what we find impressive is the math. For weeks we have been watching this virus. The exponential… read more.