Swing Day

Yesterday:   Worst 2nd day of the year ever for S&P 500, only 2000 was worse. Today:   2nd best 3rd day of the year ever for S&P 500, only 1932 was better. Hat tip Ryan...
Blow Out Jobs Numbers

Blow Out Jobs Numbers

The lede:  The U.S. gained 312,000 new jobs in December, capping off the biggest increase in hiring in three years and showing that second longest economic expansion in U.S. history still has plenty of staying power despite growing worries about a slowdown.And what...
That’s A Wrap

That’s A Wrap

First down year since 2008 for the S&P 500, Dow Jones Industrials and the Nasdaq 100.  Since the 2009 lows the S&P 500 Index is up ‘only’ 275% following the painful bear market of 2018. Good riddance. Hat tip Charlie...

Of Projections and Forecasts

The stock market/economic predictions for 2019 have, and will be, rolling out.  Are they helpful, accurate, useful?  Unlikely, very unlikely.  One the greatest investors in the world sums up this process:  “I have no use whatsoever for projections or forecasts. They...