When the woman saw that the tree was good for food, and that it was a delight to the eyes, and that the tree was desirable to make one wise, she took from its fruit and ate; and she gave also to her husband with her, and he ate. Genesis 3:6 The news of the final trading day of August, if it was news, decidedly didn’t seem particularly “new”. “Morgan...
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The sun sets behind the mountains and the Yellow River flows into the sea; To thoroughly enjoy a thousand mile sight, climb up another level – “Climbing Stork Tower” - Wang Zhihuan August 1st’s Wall Street Journal’s celebration of July’s stock market rise headlined “S&P 500 Extends Winning Streak to Fifth Month of Gains” was subdued with another story that day cautioning “Earnings Season Threatens Lofty Stocks. The Benefit of...
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Yesterday is a mystery-where it is today; While we shrewdly speculate flutter both away Emil Dickinson – “Yesterday is History” “Market Monster 2023 Rally Defied All Expectations” read the headline in the July 1st Wall Street Journal. “Stocks burst out of a bear market with the Nasdaq Composite up 32% posting its best first half of the year since the 1980’s” began the story. Interestingly, 2023’s first half return for...
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No, time, thou shall not boast that I do change; They are but dressings of a former sight – William Shakespeare, Sonnet 123 Many investors spent much of the month of May focused upon the negotiations in Washington DC on raising the debt ceiling of the federal government. Others chose to be enthused over Nvidia’s announcement of May 24th that the company was raising the estimate for its second quarter...
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With no one to steer the course, a ship is like an unbridled horse. Any system will rot to naught without a leader at the helm to direct Valsa George “Captaincy” Where is Jerome Powell? An inflation number was reported last week. Who cares? The Federal Reserve is meeting next week, and they may vote to raise interest rates further. Ho hmm. We were supposed to have had a banking...
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Every piece has a place that determines where you startIf a piece is missing from where the parts should meetIt distorts the whole picture and the puzzle can’t be complete – Anonymous For investors focused primarily upon the behavior of the financial markets the first quarter seemed to offer a relatively normal recovery from a difficult 2022. Both bonds and stocks rose in value, so it wasn’t difficult to feel...
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I look like I’m stable; Like nothing can move me; I look like I’m steady, Like nothing will shake me; But really I teeter; To every work I flinch; But really I totter; To every change I break. Vishal Dutia, Teeter Totter After making its 2022 lows on October 14th the S&P 500 provided investors a very nice recovery of nearly 16% from that date through February 14th. Marrying a...
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Nature’s first green is gold, Her hardest hue to hold…So dawn goes down to day. Nothing gold can stay.. – Robert Frost – Nothing Gold Can Stay Investors may have been thrilled to realize that all that was necessary to restore the pre-2022 luster to the stock market was the simple matter of dropping the two at the end of the year and replacing it with a three. The Wall...
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