Signs are everywhere that Americans have tired of playing the “long game” in dealing with the global financial crisis that erupted seven years ago. One way to judge how satisfied (or not) society is with the current condition is by the choices it makes. And right now, those choices are… Read More

At the end of last week the large-cap stock market, as measured by the S&P 500 Index, was within 1/10 of 1% of where it began the year. However, even though there has been very little net change in the overall stock market, there has been a lot of price… Read More

It looks like a lot of investors aren’t sure what to do these days, with the stock market gyrating widely as a result of the Fed’s interest rate hike last week. But that’s okay with us, since heightened volatility has a tendency to create buying opportunities in companies that all… Read More

A couple of weeks ago Fed Chairperson Janet Yellen said she was “looking forward” to the prospect of raising interest rates this month, since that would indicate of an improving economy. I’d like to believe she was sincere in that sentiment, but I can’t help but wonder if she was… Read More

If there is any doubt about the overall mood of the stock market heading into this Wednesday’s presumed Fed rate hike, consider this: For the first time in as long as I can remember, all but three of our 38 portfolio holdings lost value last week, including all nine of… Read More

The stock market has barely budged since Thanksgiving, with the S&P 500 Index up just 0.1% over the past two weeks. This is supposed to be the time of the year when portfolio managers are furiously unloading their underperforming stocks and replacing them with this year’s clear winners to make… Read More