When evaluating the market, far too often our emotions get in the way of making a clear assessment of what is really happening. The more the market goes up, the more our behavioral biases can cloud our judgement. One of the best ways to overcome our behavioral biases is to
I was traveling this week conducting seminars for our advisors and their clients. After my prepared remarks one evening the Q&A turned into a lively hour long “town hall” type format. It became obvious many of the people in the room share what a large
This week the stock market continued its impressive bull market run with the S&P 500 crossing a milestone level — a market capitalization of $20 Trillion. While most of the market participants took this as a positive sign, it reminded me of one of the most reliable predictors
Early in my career I was a “fundamental” analyst. This meant pouring through financial statements, digging into what made an industry work, making economic predictions, and then applying that to the earnings of a specific company. I quickly learned how hard it was to consistently be right (or
We learned this morning the US added an estimated 227,000 jobs in the month of January. Of course we have both sides taking credit for this impressive number. The Democrats say it is the result of President Obama’s policies and cite the “record setting” job
