Financial Reporting is More Akin to Cartoon than News

Financial Reporting is More Akin to Cartoon than News

Financial Reporting Always Fans the Fire of Our Worst Fears… But very often has little connection to reality. When Mark Twain’s death was reported in the United States, he was alive and well in London. He responded to news accounts with a note saying,...
Do Markets Overreact

Do Markets Overreact

DO STOCK MARKETS OVERREACT? Some experts say it does. In 1985, Werner DeBondt, currently a professor of finance at DePaul University, and Richard Thaler, currently a professor of behavioral science and economics at the University of Chicago, published an article...
Who Is To Blame For Volatility?

Who Is To Blame For Volatility?

Who’s the culprit? No one knows. Speculating on who or what is to blame for recent market weakness is a popular pastime right now. Last week, Barron’s said the search for someone to blame is a lot like a game of Clue. So far, the most common conclusions are “the...
Welcome To The Market Correction?!

Welcome To The Market Correction?!

Welcome to the Market Correction?! The Dow Jones Industrial Average lost about 6 percent last week. That puts the benchmark index about 10 percent below its record high on May 19, 2015, according to Barron’s. A drop of that magnitude from a new high may be a...
This Time is Never Different

This Time is Never Different

Bull markets happen. Bear markets happen. Just stick to your financial plan, and stay calm and disciplined. When the market sours or slumps, don’t believe talk that this time it is different. It is not. History shows this is true. Here is a simple chart of the...
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