Happy Anniversary!

A year ago today, on September 15, 2008, Lehman Brothers, one of the largest and oldest investment banks in the U.S. filed for bankruptcy, and set off a financial collapse that was felt across the globe. It seems like a long-time ago, but it was only one year, but what a year it was! Lets.. read more →

Scarcity Breeds Clarity

Every year the founders of the search company Google write an annual founders letter to shareholders. Though it has not been around as long as Warren Buffet’s popular annual letter to Berkshire Hathaway shareholders, it is a good read for investors, reflecting the thinking of one of America’s premier technology companies. When they wrote this.. read more →

Nice Rally, but More Pain Ahead

The March stock market rally was welcome, long overdue, and helped erase some of the losses experienced in investment portfolios this past year. Stock markets do not usually move in a straight direction for long. The last two quarters have experienced both bull (20% gains) and bear markets (20% declines) within the same quarter!!! We.. read more →

FINALLY!!!

Yesterday the Treasury Department finally released details of their Public-Private Investment Program designed to create a market for the “toxic” assets that have been weighing down our banking system. The stock market liked what it saw, and Bill Gross of PIMCO called it the first win-win-win proposal during this crisis. Taxpayers leverage their dollars with.. read more →

The Strong Survive – Getting Stronger

Circuit City finally closed its doors on its 600 stores last week, eliminating another 34,000 jobs in the economy. Best Buy is still in business, a little leaner after some layoffs and early retirement buyouts. They will probably emerge from this recession a stronger company, and no doubt with less competition. GM and Chrysler needed.. read more →