Category Archives: Uncategorized

Strategists’ Unnerving Unanimity Suggests Rising Volatility, but We Stay Positive as Investors Reach for Yield

It is getting harder to forecast the direction of the stock market.  A year ago there were still plenty of bears around and we expected the market to rise as cautious strategists, one by one, threw in the towel.  Investors … Continue reading

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“If you like your current plan and doctor, vote Republican” – 13 Reasons Why ObamaCare Will Be Repealed

That is not a bold prediction, just common sense.  To address a limited problem—40 million people lacked health insurance, often by their own choosing—the ACA screwed up the entire U.S. health insurance and healthcare systems, severely damaging the economy in … Continue reading

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How Yellenomics May Blow an Asset Bubble

I recently explained why we were in Stage One of a secular bull market – the stage, comparable to the early 1950s and early 1980s, when bears capitulate and investors begin to embrace equities.  In the second stage stocks continue … Continue reading

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Will the Ivy League Rescue Obamacare?

President Barack Obama has no more ardent and loyal fans than the faculty and staff of Ivy League universities.  According to Fox News, 98% of their donations in the 2012 presidential election went to Obama. (Thank goodness for diversity initiatives!) … Continue reading

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Much Further to Run in this Bull Market

The stock market is getting a little scary.  Having climbed the proverbial “wall of worry,” will it fall off the cliff of complacency?  The short answer is definitely yes — but probably not for a few years, if not longer. … Continue reading

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Obamacare Hits the Fan – and Creates a Stock Market Bubble?

Obamacare could create a stock market bubble because it will restrain job growth and prompt the Fed to maintain super-easy monetary conditions despite an improving global economy. The law was conceived in deception.  Never just a way to procure health … Continue reading

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Cruz Control: Going for Growth

The YouTube video was titled “Ted Cruz Bashes Obamacare and Talks ‘Single Biggest Lie in Politics.’”  I expected the Senator’s Iowa speech to be another acrid diatribe, cogent but predictable, against Obamacare and an out-of-touch Congress that foisted this absurd … Continue reading

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SEC Charges HHS and Kathleen Sebelius for Botched Rollout of Affordable Care Act

FOR IMMEDIATE RELEASE 2013-207 Washington D.C., Dec. 30, 2013 — The Securities and Exchange Commission today charged the U.S. Department of Health and Human Services and its Head, Kathleen Sebelius, for their roles in the botched rollout of the Affordable … Continue reading

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Create Your Own Conglomerate, Part Deux

Back in June I argued investors should create their own conglomerate by assembling a diversified portfolio of high quality companies.  Michael Crook of UBS provides a potent factoid validating this strategy. He calculates: “After accounting for inflation, $100 invested in … Continue reading

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Cali-Cultural Advantages

In the movie Annie Hall neurotic comedian Alvie Singer (Woody Allen) says, “I don’t want to move to a city where the only cultural advantage is being able to make a right turn on a red light.” You can’t stop … Continue reading

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