Bear Markets

April 3, 2020
April 3, 2020

Bear Market Road Map: What Happens Next

What Happens Next? Analysts, commentators, and managers are all taking turns making predictions about where financial markets will bottom. While modern markets have never faced a global health pandemic with the magnitude of COVID-19, history is filled with examples of unexpected headlines and “Black Swan” events that take analysts and investors by surprise. In fact, that’s how most Bear markets […]
February 4, 2013
Gaps in Thinking
February 4, 2013

Gaps In Thinking

For investors, 2012 was a year of endless waiting; waiting for a resolution to the U.S. fiscal cliff, progress on the European debt crisis, results of a polarizing U.S. election, a Chinese leadership transition, resolution to the Bush tax cut extensions, etc..etc..etc. Any one of these issues alone possessed enough economic significance to bring investor confidence to a halt, and […]
October 25, 2012
Surfing with Sharks
October 25, 2012

Surfing with Sharks

Original Commentary: December 14, 2007 Just north of Santa Cruz, California up Highway 1 there is a hidden gem for surfers. It’s an isolated beach with some nice rights (waves that break from right to left). It’s a steep wave that wraps into a bowl, breaking hard and hollow on big days. “Four Mile”, (creatively named due to it’s proximity […]