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...
Uninsurable risk?

Uninsurable risk?

Our hearts go out to those residents of California who have had to deal with either the loss of those dear to them or their homes—or who have had to evacuate in the face of the terrible fires that have ravaged the state once again this year. I’m sure gifts to the...