Not a Word about the “Fiscal Cliff”

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You’ve heard far too much about that whose name will not be mentioned. Instead, let’s talk about investing for retirement: (1)    Is retirement out of reach? (2)    Evaluating your “Retirement Readiness” (3)    An offer from KCS that you can’t (or at least shouldn’t) refuse Back in 2000, with the stock market at historic highs, both […]

The Post-Election Correction

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On November 6, President Obama was re-elected for 4 more years. On November 7, the S&P 500 fell -2.3% and has continued to fall since; it is now down -4.6% since Election Day. Overseas markets have fared somewhat better, as the MSCI All-Country World ex-US index is down only -3.3% over the same period. What […]

Giuoco Piano? Not any more!

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I thought I should write a quick note after today’s global market swoon. Forget Greece; it’s now all about Italy. And I’m tired of hearing about (and writing about) Europe. But the good news is that the endgame is likely to be very near. Those of you who play chess will recognize “giuoco piano” as […]