Shall We Dance?

Where do markets go from here? It seems like there are a lot of strongly held ideas out there, but ... Read More


How To Invest Now

Frankly, this environment is very complicated, probably the most complicated in the 23 years I’ve been doing this. I’m ... Read More


The Fed is in a Pickle

To cut to the chase, the Fed is now in a no-win situation. They waited way too long to remove ... Read More


What Does the European Mess Mean For Us?

A lot has already been written about Europe’s energy chaos. My hope is to just have a simple rehash ... Read More


Battle Lines Being Drawn

Now that everyone is recognizing that the Fed is serious, for once, about tightening past the traditional pain point to ... Read More


Market Dovishness, Meet Fed Hawkishness

Last Friday, the market doves ran into the Fed hawks. The hawks certainly won the first battle, and while markets ... Read More


Who Cares About Wyoming?

Every year, the Fed has their Jackson Hole Symposium in Wyoming. Who cares? The only reason we care, and the ... Read More


On Being Wrong

To my mind, the basic goal in long-term investing is to avoid painful drawdowns while also participating in the upside. ... Read More