President Obama has to be at least a little bit jealous of the power yielded by China’s leaders. He may use executive orders to get his way, but he has…
The Stock Market Needs “Seasonal Adjustment”
How many jobs did the U.S. economy generate in December? The correct answer is: 292,000 281,000 11,000 None of the above David Stockman wrote on his “Contra Corner” blog: “According…
An IOU World
Investment performance made most investors a bit grumpy by the end of 2015, given that virtually every asset closed the year down a bit. During 2016, grumpiness is giving way…
Happy New Year: Meh.
Well, it’s a brave new world for us cynics. Somehow, we all survived another year, but it wasn’t easy. It was a good year for terrorists (Paris, San Bernardino), despots…
Taper Tantrum Two
Call it Taper Tantrum Two. Two of the 12 members of the Federal Open Market Committee suggested on Thursday that it’s time to raise interest rates, causing the Dow Jones…
High-Frequency Trading Losing Frequency
The publication of Michael Lewis’ book Flash Boys early in 2014 brought high-frequency trading (HFT) to the attention of many investors for the first time. Lewis was quoted on “60 Minutes”…
Correct Yourself
Last week was a tough week for investors, given that the market dropped for six consecutive days. It was an even tougher week for financial advisors and investment managers who…
Five Reasons Why Wenning Advice Is Worth More Than Buzzfeed
You may have heard that Americans are now getting their news online, instead of reading it in newspapers. They’re not. Most of what appears online and is called “news” fits…
How to Retire Early – Part Two
In part one of “How to Retire Early,” we focused on the need to reduce expenses and control debt. Doing so can create the foundation for a retirement plan by…
Stock Market Continues to Set Records, But Why?
Let’s take a simple quiz and answer the following multiple choice question. The stock market is hitting new highs because: Corporate earnings are at an all-time high. The economy is…