As we go into the 23rd week since the COVID19 panic began it's hard to get a grasp on the big picture. I attended two more virtual conferences last week and two big name firms essentially said fundamentals do not matter – for now there is no other alternative to stocks
20 weeks ago, Congress came together and passed a wide-ranging, 800+ page, $2.2 Trillion legislation called the CARES (Coronavirus Aid, Relief, and Economic Security) Act.
15 weeks ago, the House passed the 1800+ page, $3 Trillion HEROS (Health and Economic Recovery Omnibus Emergency Solution) Act. The Senate did not
Each week is different, but yet every week seems the same. We get some good news on the economy, some really bad numbers, some good earnings reports, some bad earnings reports, some sort of news item from the Fed, talk of more stimulus, delays of those talks, and of course
As we start the 20th week of the Coronavirus panic in the U.S. in many ways it feels like we haven't made much progress. Cases are spiking in two heavily populated states, schools are trying to determine what they should do with their students, Congress is arguing over what
Like a prisoner, marking the days is a way to keep track of the passage of time. Days can blur together and it is easy to lose touch with the outside world. For the past 19 weeks I've been marking the weeks with the hope we'll be able to resume