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Will the Republicans Actually Close the Government?

Posted by on Sep 27, 2013 in Economy, Politics, Stock Market | 0 comments

At midnight on Monday we will find out if the hard-liners within the Republican party (read: the Tea Party) will follow through on their threat to close the government as they refuse to negotiate in good faith on a deal to expand the debt ceiling. Whether one agrees with ObamaCare or not, I think it’s reprehensible that the right-wing members of the Republican party led by Congressman Ted Cruz of Texas, seeks to draft policy after losing the election, rather than focus on what is important right now: ensuring that the government can...

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Market Achieves Record Levels

Posted by on May 3, 2013 in Economy, Personal Finance, Stock Market | 0 comments

About an hour into trading today, the S&P 500 and the Dow Jones Industrial Average have both surpassed previous all time highs and achieved significant milestones. As I write this around 10:30am, the DJIA is at 15,003, marking the first time in history the venerable index has reached that level. Similarly, the S&P 500 is at 1,616, the first time that index has ever been over 1,600. And the Dow Jones Transportation Average is only 7 points below its high. Should the DJTA move to record levels concurrent with the DJIA then we’ll...

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The Gutless Weasels Win The Day Again

Posted by on Apr 18, 2013 in Personal message, Politics | 2 comments

The gutless weasels in Washington once again displayed their partisan colors yesterday by failing to pass legislation requiring slightly more stringent background checks before purchasing guns. This would have in no way limited the right of anyone to buy a gun, nor would it in any way have infringed on our vaunted 2nd Amendment rights, no matter what the irrelevant Sarah Palin had to say. It would simply have added one minor step along the way to legally purchasing a firearm, thereby adding one small layer of protection that might have...

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Fiduciary Duty From Your Advisor

Posted by on Feb 13, 2013 in Personal Finance | 0 comments

This week, I’d like to talk about fiduciary duty. I will be borrowing liberally from an article written by Knut Rostad in the February 11, 2013 edition of Investment News. Mr. Rostad is the president of the Institute for the Fiduciary Standard, a nonprofit formed to advance fiduciary principles through research, advocacy and education. By way of background, fiduciary law was established to mitigate the knowledge gap between expert providers of socially important services, such as law, finance and medicine, and consumers of those...

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The Bull Is Running: So Says Dow Theory

Posted by on Jan 25, 2013 in Stock Market | 0 comments

Three and a half weeks into 2013 the Bull is solidly in control of the market. The Dow Jones Industrial Average and S&P 500 are both closing in on the all time highs set back in 2007. The Nasdaq has surpassed the 2007 levels but remains well below the all time high from 2000. Interestingly, the Dow Jones Transportation Average has just blown past its previous record to achieve a new all time high. All of this has occurred in the face of continued economic uncertainty, record high federal debt levels and an upcoming legislative battle over...

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The Cliff, The Deficit and What It Means To You

Posted by on Jan 3, 2013 in Economy, Personal Finance, Politics, Stock Market | 10 comments

A few weeks ago (the December 8th entry) I told you that the world wasn’t coming to an end because of the Fiscal Cliff. I said that “it is HIGHLY UNLIKELY that every tax increase and spending cut will, in fact, come to pass. Some compromises will certainly be made by our leaders in Washington, despite the radical bleatings of the far right and far left. Whether the deal is brokered in the next two weeks or the next two months, I’m confident a deal will be made that will leave both sides less than happy but will stave off the...

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Thanks and Happy New Year

Posted by on Dec 31, 2012 in Personal message | 3 comments

For my final entry of the year I thought I’d simply share with you what I wrote today to all of my clients. I think the message is applicable to everyone. It is just before 2:00pm on the final day of 2012. Fortunately the Mayans were wrong and we’re all still here to be thankful that 2012 is about to pass into history. I, for one, am looking forward to welcoming the new year and saying a (not quite so fond) goodbye to this one. This year has been a very difficult one on so many levels: politically, economically and climatologically. We...

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Musings on Death and Taxes

Posted by on Dec 20, 2012 in Economy, Politics | 4 comments

Last night my family enjoyed our blended holiday celebration. We shared gifts, laughter and hugs and kisses just days after an entire community was devastated by the horrific act of a madman and less than two months after Superstorm Sandy cut a path of devastation through much of the New York/New Jersey area. There are 27 families in Newton, CT who will not be celebrating the holidays this year as they mourn the loss of their children or siblings or parents. And there are likely hundreds of additional families still homeless or trying to piece...

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Prepare For Year-End, Not the Fiscal Cliff

Posted by on Dec 8, 2012 in Economy, Personal Finance, Politics, Stock Market | 2 comments

There are three weeks left in the year and the world won’t be coming to an end, literally or figuratively, regardless of what the various doomsday prognosticators have to say. It’s impossible to turn on the television or open a newspaper without being assaulted with dire warnings about the impending disaster that is the “Fiscal Cliff”. It’s gotten to the point where I can only watch CNBC is when it’s on mute. For those of you who’ve been living under a rock, the Cliff is the December 31st deadline...

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Post Election Traumatic Stress Disorder

Posted by on Nov 17, 2012 in Economy, Politics | 2 comments

This is an excerpt from my latest newsletter. About the only good news these days is that the election is FINALLY over. In my Fearless Forecast edition back in January I said “I believe President Obama will defeat Mitt Romney in a relatively close election as a divided GOP is unable to coalesce behind Romney. The Tea Party is marginalized and the Senate remains in Republican control. Fiscal austerity, job creation and tax policy are the main debate points.” I’d say I nailed that one right on the head. Now, Obama and the lame...

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