Portfolio Review – August 13, 2015

By | 2016-11-17T16:12:04+00:00 August 14th, 2015|Categories: Portfolio Review|Tags: , , , |

Our 2015 forecast for the domestic economy appears to be valid and is supporting the current prevailing direction. We were not the most popular forecaster back in 2015, but we did not see the underlying support in global economic activity that many others had wished. The probability is still highest for slow and steady economic growth that will move the domestic market in a fair value range between a high of 23,897 and a [...]

Portfolio Review – April 7, 2015

By | 2016-11-17T16:22:04+00:00 April 8th, 2015|Categories: Portfolio Review|

In the summer we wrote to you with expectations that a continued slow growth of the market was most likely with a higher probability for continued improvement. Our recommendation was much different than the more popular “major market correction” view that was everywhere in publications. The idea that the market must correct at 17,000 did not materialize for the Doomsayers. Now with the market exploring 18,000 the correction rhetoric has started again. It will probably be [...]

March 2015 Economic & Market Review

By | 2016-11-17T16:24:49+00:00 March 4th, 2015|Categories: Economics, Portfolio Review|

Economic Review Global economic growth (as measured in the combined Gross Domestic Product of all countries) has historically been driven by the stable economies of the United States, United Kingdom, Europe and Japan. Since the crisis of 2008/2009, recovery efforts in the old guard floundered. Gains in global economic output in the immediate aftermath were the result of countries such as China, India, Nigeria, Brazil, the Southeast Asian nations, and until recently, Brazil and Russia. While the [...]

December 2014 Portfolio Review

By | 2016-11-17T16:32:17+00:00 December 13th, 2014|Categories: Portfolio Review|

In the summer we wrote to you with expectations that a continued slow growth of the market was most likely with a higher probability for continued improvement. Our recommendation was much different than the more popular “major market correction” view that was everywhere in publications. The idea that the market must correct at 17,000 did not materialize for the Doomsayers. Now with the market exploring 18,000 the correction rhetoric has started again. It will probably be [...]

July 29th Portfolio Review

By | 2016-11-17T16:40:16+00:00 July 29th, 2014|Categories: Portfolio Review|

The mid-year mark is now passed and the market is toying with the 17,000 level. It seems that every day a new inter-day high above 17,000 is being announced to be followed by a close that remains stubbornly just above or below 17,000.  This constant flirting with the record level has most investors thinking that the market is at some inevitable correction point. I have heard of “adjustments” as high as 30%, of course this comes from [...]

Portfolio Review – May 6th 2014

By | 2016-11-17T16:42:43+00:00 May 6th, 2014|Categories: Portfolio Review|

After a spectacular year in 2013 with the market producing a return in excess of 30%, we sometimes wonder if the market is currently resting and catching its breath for the long haul to come. Certainly the anemic 1.83%, year-to-date price return is not going to provide the same return as just one year ago. If the current rate continues we will end 2014 at around 5.38% for the year. Which in consideration of what we have [...]