Entries by spowell

Make American Great Again

November 13, 2017 – DJIA = 23,422 – S&P 500 = 2,582 – Nasdaq = 6,750 “Make America Great Again” Donald Trump was elected President of the United States one year ago. The event has enraged some and emboldened others. Of course, some of this is a result of the direction that the Trump administration […]

Wall Street’s not so scary Halloween stories

October 23, 2017 – DJIA = 23,328 – S&P 500 = 2,575 – Nasdaq = 6,629 “It was the witching time of night…”[i] October has a history of being a frightening month. Shorter days means more darkness together with a chill in the air. Of course, Halloween is accompanied by tales of ghosts, goblins, demonic […]

If history repeats itself, and the unexpected always happens, how incapable must Man be of learning from experience

October 2, 2017 – DJIA = 22,405 – S&P 500 = 2519 – Nasdaq = 6,495 “If history repeats itself, and the unexpected always happens, how incapable must Man be of learning from experience.”[i] Investing is hard. Madison Avenue, however, wants us to believe otherwise as TV ads for brokerage and financial advisory firms make […]

“I’m Caught in a Crossfire That I Don’t Understand”

September 18, 2017-DJIA = 22,268-S&P 500 = 2,500 – Nasdaq = 6,448 “I’m Caught in a Crossfire That I Don’t Understand”[ii] Headlines deteriorate, capital markets appreciate. It is a perplexing mystery that has many confused and incredulous. Issues such as North Korea, Charlottesville, social protests, political discord, terrorism, and natural disasters dominate the headlines. Everyone […]

“The Smiles Are Returning To the Faces”[i]

The level at which any security trades is part fundamental valuation, part supply/demand, and part assumption regarding future events.  These conjectures concerning upcoming developments can be fickle especially as headlines impact investors’ attitude.  In fact, Wall Street’s reaction to the news is often more telling than the news itself.  In other words, when traders are […]

“There Shall be Disaster After Disaster, Rumor After Rumor”

September 5, 2017 – DJIA = 21,987- S&P 500 = 2,476 – Nasdaq = 6,435 “There Shall be Disaster After Disaster, Rumor After Rumor”[i] Contrary to what you might expect, the above is not a recent CNN headline describing the Trump administration. Rather it was written around 600 B.C. by the profit Ezekiel, who was […]

“Yes It’s Been Quite a Summer, Rent-a-cars and West Bound Trains”[i]

Ideally summertime offers chances for getting away to relax.  This typically involves leaving the day-to-day stresses behind and enjoying some nice weather perhaps in the mountains or at the beach.  2015’s summer, however, hasn’t allowed much downtime as the headlines have been both significant and active. This shouldn’t be a surprise as any year that […]