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After the big selling we saw through the first several weeks of August, this week finally brought the buyers out of the closet. It has been a welcome relief for the bulls, as a confluence of negatives in August took a sizeable bite out of the year-to-date (YTD) gains in the major averages. Consider that

  After the big selling we saw through the first several weeks of August, this week finally brought the buyers out of the closet. It has been a welcome relief for the bulls, as a confluence of negatives in August took a sizeable bite out of the year-to-date (YTD) gains in the major averages. Consider

It’s good to be back home in Southern California after spending a few days in our nation’s capital. Here in California, we don’t face the prospect of hurricanes and tropical storms the way my friends in Florida and the Gulf Coast do. Instead, we have other issues, such as an unstable section of the Earth’s

*********************************************************** A Fond Farewell to A Libertarian Luminary Mention the name “Koch” in American political circles and you’ll get reactions ranging from revulsion to loathing and from gratitude to celebration. Not surprisingly, news of the death of David Koch last Friday at age 79 elicited a wave of responses from both the political left and

California sunlight Sweet Calcutta rain Honolulu starbright The song remains the same… –Led Zeppelin, “The Song Remains the Same” I’m back home in Southern California after an extremely fruitful trip to our nation’s capital. As I mentioned on Thursday, I was meeting with my colleagues on several new projects, and I will be revealing some

As I write this, I am far from my Southern California headquarters. Instead, I’m on the East Coast, and I made it here just in time to feel the heat and humidity! More specifically, I am just a few blocks away from one of the most iconic buildings in the world, the epicenter of American

This week’s issue is going to be slightly different than usual, as I am far from my home base in sunny Southern California. Instead, I’m on the East Coast — and the humidity here is something I will not miss when I leave. More specifically, I am just a few blocks away from one of the

I am writing this issue a few blocks away from one of the most iconic buildings in the world, the epicenter of American military prowess — the Pentagon. Now as you likely know, this location is about 2,000 miles from my normal headquarters in Southern California. Yet I suspect the journey to be fruitful, as I

The Business Roundtable just redefined the purpose of a corporation.  While it used to be that making money, generating profits and delivering value for shareholders was the raison d’être of a company, apparently that pursuit represents old-fashioned thinking. Today, America’s business leaders think that the true purpose of a corporation is to “serve all Americans.”