That was the question posed by Bruce Nussbaum in his December 30 Fast Company blog. We’ve spent a great deal of time lately thinking about prior cycles of fear and pessimism, so Nussbaum’s post caught our attention.
Every year, the Yeske Buie team strives to stay ahead of the curve on important, calendar-dependent issues.
First of all, I think what we’ve done to date is phenomenal. We’ve built a profession that changes people’s lives. To the extent that we’ve made errors, it’s been with the best of intentions, and for lack of a crystal ball.
To begin with, risk means that more things CAN happen than WILL happen, and since the things that can happen are legion, it would be expensive to individually hedge every possible negative contingency.
“History may not repeat, but it sure does rhyme.” Mark Twain Our latest webinar was a review of some of the enduring characteristics of the economy and the markets and how, even amidst the seeming chaos, it’s still possible to craft investment strategies that can carry us…
Warren Buffett writes a thank-you note to Uncle Sam (and Ben Bernanke, Tim Geithner, and Geoge W. Bush) for averting disaster at a time when no other player could have done so.
The sun is shining on both coasts and the Dow is trading above the “psychologically-important” 11,000 level, so I guess all is right with the world as we prepare for the weekend. As you’ve heard me say many times before, there is a connection between…
The NY Times reports on the persistent pessimism among consumers, even as economic recovery gains strength and markets rise. AMERICANS became more pessimistic about their chances for higher incomes during the Great Recession than at any time in the past 45 years. That pessimism has…
As I write this, the Dow is trading at its highest point in over four months; up more than 8% in September. Should we care? Well, perhaps to the degree that the stock market is a “leading economic indicator” — its moves tend to foreshadow the strength of economic performance 9 -12 months into the future — the answer is yes. Beyond that, however, the Dow represents such a small slice of the world stock market that its movements shouldn’t be quite so mesmerizing. It’s true that, in the short-run, the Dow and other major markets around the world tend to move in sympathy with one another. However, over longer periods of time other factors come into play and markets both large and small tend to diverge.
Doesn’t it feel like we’re living in a pendulum kind of world lately? Every other week brings news of a weaker-than-expected economy, which is then followed by a week of statistics showing a stronger-than-expected economy. With the stock market, naturally, swinging back and forth in sympathy. In keeping with…