Wall Street Steward

  • October16th

    failureIt is rare that I write a piece meant mostly for clients, but I think this is a good time to do so.  My advice is simple: don’t freak out.  I know the stock market has corrected, and even though the worst may still be yet to come, I am telling you that the right thing to do is to take a deep breath and pump the brakes on that bad decision that your “gut” is telling you to make.

    First, some context.  As of this moment, the S&P 500 has gone from a high of 2,019 (September 19th) to around 1,850, which is a decline of -8.4%.  Combine that with some other scary news like (1)slowing growth in other countries, (2)geopolitical issues like ISIS, (3)a new virus called Ebola, and (4)the prospect of the Fed raising interest rates at some point, and all of a sudden the sentiment changes to “I’M SCARED!” Read More

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  • October3rd

    BB2I’ve got a bit of a confession to make.  I am horrible with remembering names.  This is not a rare phenomenon, as many struggle with this same thing, but recently it has bothered me more so than usual.

    I would guess that most people honestly “forget” someone’s name after meeting them, but what bothers me is that I never even hear the name to begin with. Read More

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  • September8th

    bruce-springsteenI do not remember the last day where I didn’t hear at least one person call for a major stock market correction.  Sometimes, it comes from normal, every day folks….and other times, it comes from so called “experts.”

    I will be the first to confess that I do not know what the stock market will do over a short term time horizon.  Nobody can predict those types of movements with any accuracy or consistency.

    However, over a longer term time horizon, the stock market could continue to move higher.  Here is why…. Read More

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New York Stock Exchange Photo by david.nikonvscanon Bullish Photo by Rob-Jamieson Monies! Photo by Owlpacino