Friday, September 18, 2009
The Race from Bretton Woods
Poignancy will not be lost in
this edition of the strategist. I write to you this week from Bretton
Woods in
New Hampshire as I prepare to embark on a ...READ»
Friday, September 4, 2009
Cue September
As if simply following the
media script, markets finally pulled back again this week after
relentless gains.
Measuring the severity of the fall, last Friday we closed at ...READ»
Tuesday, August 18, 2009
"Leveling off"
In the Fed’s FOMC release on
Wednesday, Bernanke and Co. asserted that from their vantage point, the
economy is "leveling off". This shift in language from "stabilizing" ...READ»
Wednesday, June 3, 2009
Buy in May
Students of the Stock Traders Almanac will tell
you that market returns over the best six month period of the year (November 1st thru April 30th) tend to trump those of ...READ»
Friday, May 8, 2009
Mr. Waddell Goes to Washington
Earlier this week, Stacie and I had a terrific opportunity to travel to Washington for a comprehensive debriefing. Through my membership in the Society of ...READ»
Friday, April 24, 2009
SOU Viewing Reminder
To view the 2009 State of the Union videos on Youtube click here.
From Housing…
We concluded last week’s edition of the ...READ»
Monday, April 20, 2009
Waddell Stimulus
Package
The family trip to Disney World has done wonders
for Disney shares. Our adventure last week drove them up 8%. Orlando appears to be recession resistant ...READ»
Monday, February 9, 2009
Showtime
I remember having breakfast with one of our treasured clients on Thursday, September 18th. He asked me if I felt that the markets could repair themselves. I responded emphatically, ...READ»
Sunday, February 1, 2009
Bravo!
If you haven’t picked up a copy of Thursday’s Wall Street Journal, please do. It reads like Hemingway. I laughed, I cried, I liked it better than "Cats." The world suffers no ...READ»
Anxieties around the banking sector have once again paralyzed the markets. With Citigroup and Bank of America trading like lottery tickets and negative surprises emanating from State Street and others, we seem to be right back ...READ»
Monday, January 19, 2009
IOUSA
Markets declined precipitously last week as the kick off of 4th quarter earnings season validated expectations that there would be no corporate earnings, and the banking system received its first cash ...READ»
Monday, January 12, 2009
Happy New Year!
The best thing I have to say about 2008 is that it’s over. The stock market logged its worst performance since 1931 and the non-government related bond market had its worst year ever. ...READ»
Monday, December 22, 2008
Government Claus
Monetary and fiscal favors showered Wall Street last week, even though they should have been on the naughty list. In completely unprecedented action, the Federal Reserve dropped their ...READ»
Monday, December 8, 2008
Motion vs. Movement
In a Mid-October Insight we offered the following prediction:
I believe we have now entered purgatory. Valuations are low enough, but we have too much uncertainty to expect an immediate ...READ»
Friday, November 28, 2008
In a shortened week that received absolutely dismal economic news, Washington awoke from its most recent policy slumber and made real progress in the War on Scarcity.
President-elect Obama must be ...READ»
Monday, November 24, 2008
Holiday Discounters
Investment markets of every type continue to discount their inventories to try to lure shoppers. It’s clearly demonstrated by dwindling trading volumes that investment shoppers remain ...READ»
With the political world in turbulence, how can we expect anything different from the markets? Due to the political transition, the uncertainties surrounding fiscal stimulus, tax policy, regulatory policy, trade policy, and leverage standards, many participants don’t know the rules of the game any more.READ»
Congratulations, President-elect Obama. You have defied the odds, rewritten history and inspired a nation. But while we will always remember the pomp and circumstance of your arrival, you might well find that you prefer the ...READ»
Investor returns for the month of October have been frightening. The S&P 500 shed 15% this month and registered historic volatility. Of the 23 trading days in the month, only 7 closed positive. They were resoundingly positive, however.READ»
Sound and Fury
Markets continued their volatile ways last week. We began with a 400 point up day on Monday and ended with a 300 point down day on Friday. In between, we had a series of wild swings, exacerbated by large hedge ...READ»
