Archive for the ‘Uncategorized’ Category

Opinion: The next bear market in stocks will spark a retirement crisis

Volatility is Back

This comes as no surprise.  After an extremely quiet 2017, market volatility has come roaring back.

From the desk of Charlie Bilello:   In 2017, there were only 12 days with >1% intra-day move, the fewest in history.  Yesterday was the 68th day thus far in 2018.



Hat tip Pension Partners

Eagle Trio


From  Air Force F-15E Strike Eagles get in formation behind a KC-135 Stratotanker after refueling in Ohio, June 15, 2018. The Strike Eagles are with the 4th Fighter Wing and the Stratotanker is with the 121st Air Refueling Wing. Air National Guard photo by Airman 1st Class Tiffany A. Emery

Heading For Ten Straight

The S&P 500 Index is on a record setting pace.  The Index(total return)is headed for its 10th straight yearly gain.  This would surpass the epic run from 1991-1999. 


Long in the tooth…

Hat tip Charlie Bilello

The Downfall of Europe



How To Own Your Retirement

One week from today:
If you missed out last workshop(s) on May 23rd and 24th…
Good news – we are having another “How To Own Your Retirement” workshop on Wednesday
June 20th from 6:30 – 7:30 PM at the San Luis Obispo Library (Conference Room).
– Maximizing Social Security (free analysis)
– Guaranteed Lifetime Income Solutions.
– The current state of the Stock and Bond Market (interest rates).
– How to move your 401k while still employed and or retired.
– Properly Funded Living Trust and Long Term Care.
The last workshop was full – so please let us know via email or text if you would like to attend.
We will also send a text as a reminder.
No Suits – No Signing – No Selling.
Hope to see you there.
Gary Morrow
Investment Advisor (Fiduciary)
(805) 550-6458
Doug McKay
Investment Advisor (Fiduciary)
(858) 414-1970
Disclaimer:  All workshops are for educational purposes only.  Past performance is not indicative of future results.


Pelosi Beclowns Herself

Consumer Confidence is sitting at an 18 year high:

Imports, Surplus, Whatever…

Payments Exceed Income

For the first time since 1982 Social Security Payments will surpass income.



If this pace continues the ‘trust fund’ will be cleaned out by 2034.

Social Security income consists of tax revenue and interest in ‘trust fund’ securities.

From the Wall Street Journal: 

The Social Security program’s costs will exceed its income this year for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits.

This is three years sooner than expected a year ago, partly due to lower economic growth projections, according to the latest annual report the trustees of Social Security and Medicare released Tuesday. The program’s income comes from tax revenue and interest from its trust fund.

The trust fund will be depleted in 2034 and Social Security will no longer be able to pay its full scheduled benefits unless Congress takes action to shore up the program’s finances. Without any changes, recipients then would receive only about three-quarters of their scheduled benefits from incoming tax revenues.

The report also said that Medicare’s hospital insurance fund would be depleted in 2026, three years earlier than anticipated in last year’s report. Absent changes, the program then would be able to handle 91% of costs.

The nation’s aging population is boosting the costs of Social Security and Medicare, while revenue gains lag due to slower growth in the economy and the labor force.

About 61.5 million people receive retirement or disability benefits from Social Security and 58.4 million receive Medicare.

But, is there actually a ‘trust fund’?    Mike Mish Shedlock responds:  

Dear WSJ

You sounds as pathetic as Al Gore in 2000 with his Lock Box theory.

In order to have a trust fund, there has to be something in it. There is no money. It’s all been spent.

The notion of a “Trust Fund” is as ludicrous as me writing a check to myself for $1 trillion dollars then declaring I am the world’s first trillionaire.

What is true and relevant is that payments exceed income. To the extent that payments exceed revenue, US deficits and overall debt rise.

There is no fund. For reasons unknown, there is still a bit of trust. There shouldn’t be.

Houston, we have a problem.

Hat tip Mike Mish Shedlock of

For The Love of Beer

and Baseball…

Return top

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Welcome fellow traders and investors!

As Money Managers and Traders, the mission of our Blog and Radio Show is to go on record and further educate our readers and listeners in technical analysis and proper money management across all asset classes.

Our methods are not the traditional advice you hear repeated and repackaged over and over again, but that’s exactly the point and the reason why we know how to advance and prosper in every kind of market.

To Your Success,

Doug & Gary