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Market Update – October 10, 2008
A fundamental change to the financial system and the economy took hold in September. First, the bond/credit markets went into cardiac arrest during...
Market Update – September 22, 2008
In the past several weeks we have had many questions about market conditions and the safety of the money market accounts at the custodians we use....
Market Update – September 21, 2008
While the past year has been full of major-headline financial news, we have experienced a lifetime of it recently and the past week alone has been...
Market Update – July 15, 2008
The first half of 2008 dramatically reinforced the idea that over the short term the stock market is predictably unpredictable. A sharply negative...
Irrational Exuberance
Just like the masses that arrive in Vegas daily hoping to win quick and leave before the odds catch up with them, today’s market speculators are...
Market Update – April 2006
Rising interest rates, fear that the housing market may be starting to roll over, a growing current-account deficit, volatile commodity prices,...
Market Update – June 2005
As of this writing, we believe the S&P 500 is roughly 10% below fair value. This surely doesn’t qualify the market as vastly undervalued,...