Intelligence Report — November 2017 Issue

Can This Market Get a Little R-E-S-P-E-C-T? Find out about the most recent market-moving news in the newest issue of Intelligence Report that has just been completed. I invite you to download the issue as soon as you have a chance. As a valued subscriber, I want you to have this information as quickly as possible. To view

Ruminating on Reflation, Washington and Earnings

The politically driven market dip does, however, confirm my thesis that this market is all about tax cuts and the “reflation trade” I’ve been telling you about since I took over the reins of this publication.

You Can Take That to the Bank

The action in the major indices this week was scarred by Wednesday’s sell-off. Although the Dow, S&P 500 and NASDAQ Composites only slid about 0.5% each that day, the selling did remind us that this market isn’t immune to downside. That was particularly true through the first half of Wednesday’s trade, as stocks opened lower

The Tax Plan Favors the Rich, Because That’s Who Pays

In a recent New York Times column, “The G.O.P. Is No Party for Honest Men,” Keynesian warrior and Nobel Prize-winning economist Paul Krugman starts out by admitting he is confounded that only 60 percent of Americans in a recent poll think that the tax plan favors the rich. According to Krugman, “It’s shocking that as

A Most-Celebrated Black Monday Anniversary Party (and a Plan Change)

On Thursday, Oct. 19, this service “celebrated” the most ominous day in market history… the 1987 Black Monday crash. I say “celebrated” not because we liked seeing the pain and suffering caused by the Dow’s worst-ever one-day (percentage) plunge of over 500 points, or 22.6% (the equivalent of a 5,000-point one-day drop at today’s Dow

Remembrances of Black Monday Past

“The real voyage of discovery consists not in seeking new landscapes, but in having new eyes.” — Marcel Proust This week, markets shared a remembrance of the 30-year anniversary of Black Monday. While I suspect most readers will recall what happened three decades ago, it doesn’t hurt to remind everyone that on Monday, October 19, 1987,

Successful Investing — November 2017 Issue

To read the November issue of Successful Investing, please click here.

Bow Down to the Dow

It is midday Wednesday, Oct. 18, and as I write this week’s e-letter, the Dow Jones Industrial Average has just hit another major milestone. This time it’s the 23,000 mark — a number that was almost unthinkable just nine years ago. Look below at a two-year chart of the Dow to see its remarkable resilience

And the Grind to New, All-Time Highs Continues

Although the market action over the past couple of weeks has been somewhat subdued, the major indices quietly marched to new, all-time highs. Indeed, the path of least resistance continues to be higher for equities, and the market continues to operate under the philosophic precept I wrote about last week known as “Occam’s razor.” That

Taking a Subdued March to New Highs and Adjusting Exits

Market action this week was relatively subdued, as the major indices have rather quietly marched to new all-time highs. The path of least resistance continues to be higher for equities, and the market continues to operate under the philosophic precept I wrote about last week known as “Occam’s razor.” That precept states that whenever you

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