media impact

Economy shrinks at fastest pace in 26 years

February 28, 2009

This was the headline this morning on many websites and news sources.  What you need to remember is this: they are reporting figures for the 4th Quarter 2008. That’s right, the period from October 1, 2008 – December 31, 2008.  That information is already TWO MONTHS OLD. Nothing new here, we are all in the [...]

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Retention Bonuses

February 21, 2009

There have been several articles written recently regarding stockbrokers and retention bonuses. If you are outside the industry you may not know when brokerage firms are merged or acquired, the brokers (the salesforce) are sometimes awarded bonuses merely for staying.  The reason behind the bonus is the broker/salesperson may face a drop-off in business, the [...]

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Revisiting Mark to the Market

February 15, 2009

What is left in the governments bag of tricks to get the banks back on track?  One topic that I wrote about — 5 months ago — has popped up this past week with more and more frequency.  We are finally starting to hear more and more chatter about relaxing “Mark to the market” regulations. [...]

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Spin Cycle

January 24, 2009

When I was in college, I loved listening to a local college radio station (WFUV, Fordham) that had a sports-talk show on Sunday nights.  The show featured something new: phone calls from listeners!  This was more than 25 years ago, before WFAN in New York, ESPN Radio and all the other sports outlets we have [...]

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The Economic Recovery of 2009, part III

January 17, 2009

The driver behind the whole economy is you, the consumer. And everywhere you look, the media will remind you that we are “supposed” to be in a depression. So let me share some things with you. Have you ever heard of the CPI, also known as the Consumer Price Index?  It’s actually the measure of [...]

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The Economic Recovery of 2009, part II

January 17, 2009

Here is WHY so many think the stock market is bad. And, why is the economy so bad? As many of you know, I use charts to help me manage the risk in your investments. Not just any chart…but point and figure charts. Why?  Because, in my experience, these charts clearly indicate action points…when to [...]

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2009 Stock Market Predictions

January 3, 2009

This is not a buy-and-hold market. As we roll into 2009, I’m sticking with the same overall theme as I have in years past:  this is not for the buy-and-hold crowd. Individuals looking to follow the “buy for the long haul” recipe will get destroyed.  The media may call this a bear market, but this [...]

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How Capitalism Will Save Us

December 26, 2008

Steve Forbes wrote an article back in October for his magazine. And you should read it.  I speak to so many people each week who tell me “I don’t understand what/how this all happened!” Forbes does an excellent job explaining how (and why) the economy ground to a halt over the past year.  It will [...]

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Deflation

November 26, 2008

How can so many people be so wrong for so long? It wasn’t all that long ago where we had gas lines, a prime rate that reached 20%, unemployment reaching 12%, and inflation at 13%. All we heard — nearly 30 years ago — the problem was “inflation.” The only way to wring inflation out [...]

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Detroit Go Bankrupt?

November 19, 2008

I don’t know which side of the argument you fall on…bailout the automakers, or let them fail.  But a very compelling, and well-written editorial was submitted to the New York Times by Mitt Romney.  The question has been asked the last few days, “if the airlines can slink in and out of bankruptcy…why not the [...]

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