Are markets too exuberant?

Equity markets hit new highs during the Thanksgiving shortened week. Markets often move in anticipation of changes in policy. This post election market, however, appears to have instantaneously adjusted to what it perceives will be policy outcomes. Such outcomes, however, are by no means guaranteed; some outcomes may take several quarters, others years, if at all. […]

Post-election market drama

Last Tuesday evening, while dining with family and business associates, I had one eye on the elections and the other on the Dow Jones Futures Index, a proxy for the Dow Jones Industrials (DJIA) in the non-trading hours. At one point, the futures were down 900 points, and I was drooling over the prospect of […]

Reconciling Contradictory Data

Originally published in RGJ’s Business Section, Sunday, 4/5/15 The markets are still concerned about a weakening U.S. economy, as data from the industrial portion of the economy continues to show weakness, even in March. The ISM Manufacturing Index fell to 51.5 in March, its lowest level in more than 2 years; ADP indicated that private sector […]

What type of IRA account is right for you?

Originally published on Tahoe Daily Tribune’s website, http://www.tahoedailytribune.com/northshore/14995245-113/tahoe-truckee-market-beat-what-type-of-ira-account-is-right If you’re thinking about funding an IRA this year, you have until April 15, or the day you file your taxes, whichever is earlier, unless you file an extension. Which type of IRA you should establish depends on several factors, and there are calculators available online to […]

The January Barometer, other seasonal indicators

Originally published in Tahoe Daily Tribune’s website: http://www.tahoedailytribune.com/news/opinion/14423885-113/january-market-barometer-stocks The term “January Barometer” is just one of the many stock market phrases investors hear in the financial media. It’s important to understand how these types of indicators work and if there’s any real validity to them. I’d suggest being very cautious about using any seasonal tendencies […]

It’s time again to talk about year-end tax selling

Originally published on Tahoe Daily Tribune http://www.tahoedailytribune.com/news/opinion/14263062-113/stock-tax-loss-sell As the year comes to a close, many investors may be thinking about rebalancing their portfolios or taking some profits or losses for tax purposes. If you have assets in a taxable account and are considering doing some buying or selling before the year ends, you should be […]