Decision Time

Posted on Sunday, November 3rd, 2019

Zero earnings growth, falling PMI’s and slowing GDP growth are not indicators of high times around the corner but here we go. The market has been moving sideways for 22 months – since January 2018. Perhaps, Friday was the day of the breakout. I think I need a bit more convincing as markets are stretched… read more.

Lowering the Bar

Posted on Sunday, October 27th, 2019

The past two weeks have been filled with earnings reports, trade deal rumors and central bankers making speeches. While earnings reports have stepped over lowered bars for success earnings are still down 5-10% year over year which at presently elevated valuations should have been a bit more painful that it has been. Given that, the… read more.

Down the Rabbit Hole

Posted on Sunday, October 20th, 2019

Why, sometimes I’ve believed as many as six impossible things before breakfast. The White Queen, Alice Through the Looking Glass, by Lewis Carroll Investors now buy equities not for future growth but for current income, and buy bonds to participate in price rallies – Bank of America While believing the impossible may help foster the imagination and… read more.