What to Do?
Our economy and most of the world is in the midst of a severe recession. Values of homes and stock portfolios have …
“Buy Your Straw Hats in Winter.’” – Bernard Baruch
Mr. Baruch profited mightily from the Great Depression. He bought stocks that were cheap and out of favor. To follow his example, …
“The nine most terrifying words in the English language are, ‘I’m from the government, and I’m here to help.’” – Ronald Reagan
Apocalypse Now? Probably not. But we will be paying for past excesses in our economy for several years. Tom and I do …
“In a bear market, everyone loses, and the winner is the one who loses the least.” – Russian truism
So far, that puts us well among the winners. With the stock market indices averaging a nasty drop of 13% since January …
May You Live in Interesting Times – Old Chinese Proverb
Barring big changes tomorrow, the indexes for the first quarter will be down approximately, Dow 8%, S&P 500 10%, and the NASDAQ …
2007? Not Much To Recommend It
It was no fun in the financial markets where volatility returned to levels not seen in years. Two-hundred-point gains and losses were …