Is it over yet?

Is it over yet?

We’ve now had a 19% decline. That’s from one daily closing price to another daily closing price—9/20/2018 to 12/24/2018. On an intraday high to intraday low, it was a 20.2% decline. Is it over yet? That’s more than a 20% decline. That’s what we learned was the...
Market Update 1/2/19

Market Update 1/2/19

Last week, the markets recovered some of the previous week’s losses. The NASDAQ gained nearly 4%, while the S&P 500 and Dow Jones Indexes each tacked on nearly 3%. Bond yields tumbled as investors continued their flight to safety, despite the Federal Reserve’s...
Market Update 12/26/18

Market Update 12/26/18

  Market Update It was another awful week for the stock market. All of the stock market indexes fell over 5%. Both the fourth quarter-to-date and December-to-date numbers are the worst in at least a generation. Despite the Federal Reserve hike in interest rates,...
Market Update 12/17/18

Market Update 12/17/18

Awful. For only the 10th time since the creation of the S&P 500, it has registered a 10%-plus decline for the fourth quarter so far. As I have written many times, stock market declines are born of investor uncertainty. And there is plenty of uncertainty for...
Why do I really need this?

Why do I really need this?

The invitation read “Dress: Holiday Cocktail.” One of our Christmas party guests, John Zilli, wondered, “What exactly does that mean?” He Googled it. Knowing John, I’m sure he studied many of the Google responses. The best was quite specific. It said, “If you have a...