Terrorist attacks, mass beheadings, and crashing airlines all spell one thing to me. Travel bargains! Of course, my first choice for a vacation destination this year was the civil war in Syria, so I could find out on the ground what is really happening there. In addition, I could shop for a refugee camp in
I can't tell you how much I enjoy your blog. It is the first place I go every morning and I miss you on the weekends.I stumbled upon your site about 4 months ago and have been addicted to it since day one. I really appreciate not only your insight into the markets, but also
?It doesn?t take Herculean assumptions to get to $125 for S&P 500 earnings this year. Slap a 16 multiple on that, and you get 2,000 for the index,? said Brian Jacobson of Wells Fargo Advantage Partners.
Global Market Comments June 13, 2016 Fiat Lux (WHAT?S ON YOUR PLATE FOR THIS WEEK), (SPY), (MUB), (THE PASSING OF A GREAT MAN), (JUNE 20 LONDON STRATEGY LUNCHEON) SPDR S&P 500 ETF Trust (SPY) iShares National Muni Bond (MUB)
Talk about someone sucking all the air out of the room! That?s what Federal Reserve chairwoman Janet Yellen is doing, keeping us on the edge of our seats until 2:00 PM Wednesday, when the Open Market Committee?s decision on interest rates is announced. Will she, or won?t she? The bigger question is whether stocks will
It was with a heavy heart that I boarded a plane for Los Angeles a few years ago to attend a funeral for Bob, the former scoutmaster of Boy Scout Troop 108.The event brought a convocation of ex-scouts from up and down the West coast, and said much about our age.Bob, 85, called me two
?Outsourcing is quickly becoming mostly outdated as a business model,? said GE CEO, Jeffrey Immelt.
Global Market Comments June 10, 2016 Fiat Lux Featured Trade: (JULY 9 FLORENCE, ITALY GLOBAL STRATEGY LUNCHEON), (MY YEAREND STOCK MARKET VIEW), (SPY), (QQQ), (PANW), (GILD), (IBB), (BAC), ?(AAPL), (KBE), (GS), (LEN), (USO), (DIS), (SAN FRANCISCO?S LONG SUFFERING RENTERS ?TAKE ANOTHER HIT) SPDR S&P 500 ETF Trust (SPY) PowerShares QQQ Trust, Series 1 (QQQ) Palo
I hate to be the bearer of sad tidings guys. But I think the choppy, volatile, trendless, trading conditions we are all suffering right now will continue for a few more weeks. The risk/reward ratio for initiating new positions here is terrible. If you are long and right, you might eke out another two or
The San Francisco Bay area?s beleaguered renting class moaned again when the social media giant, Twitter (TWTR) finally went public a couple of years ago.The deal immediately placed $1.82 billion into the pockets of early shareholders, almost all of whom live near the company?s San Francisco headquarters.This is adding insult to injury to those in
Global Market Comments June 9, 2016 Fiat Lux Featured Trade: (JULY 7 DUBROVNIK, CROATIA GLOBAL STRATEGY LUNCHEON) (TACKLING THE INFLATION MYTH), (AAPL), (GOOG), (TWTR), (FB), (THE CALL YOU DREAD TO GET) Apple Inc. (AAPL) Alphabet Inc. (GOOG) Facebook, Inc. (FB) Twitter, Inc. (TWTR)
It was one of those phone calls you dread getting. On Saturday morning, I recognized the area code as coming from my hometown in Los Angeles where I grew up. It was my old friend, Jim, who I went to high school with. He asked me if I was sitting down. I answered, ?Yes.? His
Global Market Comments June 8, 2016 Fiat Lux Featured Trade: (JUNE 29 DUBLIN, IRELAND GLOBAL STRATEGY LUNCHEON), (AN AFTERNOON WITH GOVERNOR JERRY BROWN)
On a recent trip to my lakefront estate at Lake Tahoe, I stopped off at the state capital, Sacramento, to look in on my old friend, Governor Jerry Brown.It is crucial that readers across the country, and indeed, around the world, know what Jerry is thinking. California has always been a ?pathfinder? state, and what
?You are either looking out five days or five years in this market. You?re either a surfer or a yacht. There are no small boats anymore,? said Bob Iaccino, a trader at Yourtradingroom.com.
Global Market Comments June 7, 2016 Fiat Lux Featured Trade: (JUNE 8 GLOBAL STRATEGY WEBINAR),(JUNE 20 LONDON STRATEGY LUNCHEON), (THE MYSTERY OF THE SAN FRANCISCO SUBLEASE)
Commercial real estate agents are baffled. Economists are confused. Even Federal Reserve Chairman Janet Yellen is focusing a great deal of attention on the issue. What the heck is going on with the San Francisco office subleasing market? The question has taken on greater urgency in the wake of Friday?s abysmal nonfarm payroll report, which
?A part of me slipped away?, said former heavyweight boxing champion, George Foreman, when he heard of the death of Muhammad Ali.
Global Market Comments June 6, 2016 Fiat Lux Featured Trade: (JULY 27 BASEL, SWITZERLAND GLOBAL STRATEGY LUNCHEON), (WHAT?S ON YOUR PLATE FOR THIS WEEK), (WHY THE ?UNDERGROUND? ECONOMY IS GROWING),
Economic analysts were sent reeling in the wake of the May nonfarm payroll report released Friday, which showed only a feeble 38,000 in job gains. It appears that the Great American Job Creating Engine has suddenly ground to a halt. You know that big Fed rate rise that was coming in 9 days because the