I’m Sorry, Dave. I’m Afraid I Can’t Do That

I’m Sorry, Dave. I’m Afraid I Can’t Do That Our title is the iconic line from Stanley Kubrick’s 1968 sci-fi masterpiece: “2001: A Space Odyssey”. For those who are not movie buffs, the artificial intelligence in the HAL 9000 computer goes haywire and the astronauts are forced to attempt to disconnect HAL, but HAL has […]
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Open Door Policy

Open Door Policy China’s Zero-Covid policy could not last forever, but the suddenness of the reversal was unexpected. China’s doors are opened once again. The initial reaction is one of optimism for global economic growth, but hurdles remain. If we have learned anything about Covid, it is that once released, it spreads quickly. The Lunar […]
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Bottom’s Up!

Bottoms Up! In his classic 1934 book “Security Analysis”, Benjamin Graham, the father of value investing (and a mentor to Warren Buffet), said something to the effect that in the short run the stock market is a voting machine, but in the long run, it is a weighing machine. Eighty-nine years later, that comment still […]
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What Do You Think?

What Do You Think? Our inboxes are full of market and economy projections for 2023, most of which are completely worthless. In early December, 2021, Reuters ran a story with this opening line: “The S&P 500 will gain 7.5% between now and the end of 2022 to finish at 4,910, driven by earnings and economic […]
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New for 2023 – Secure Act 2.0

New for 2023 – Secure Act 2.0 As part of the $1.7 trillion omnibus spending bill, changes are coming to retirement plans beginning next year. The idea is to get more people to save more for retirement, which is a good thing, but be careful, saving too much in retirement accounts can have a downside, […]
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It’s Always Darkest, Right Before the Dawn

It’s Always Darkest, Right Before the Dawn First, we wish all our readers a most enjoyable holiday season. It is not lost on us that Hanukkah, the Jewish Festival of Lights, and Christmas, celebrating the birth of Christ, the ‘light of the world’ for Christians, are both celebrated near the Winter Solstice. Now, each passing […]
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Nothing to See Here… Move Along…

To be honest, we’re getting pretty tired of dealing with market fireworks every time the Fed provides a hint of what they are going to do next. Traders are logically obsessed, but investors need not be dragged into this obsession. This week was a perfect example. The market twitched wildly to the perception of a […]
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