Was Omicron the Cause?

2021-11-30T20:02:09+00:00November 30th, 2021|Categories: INVESTMENT|

Executive Summary The Friday after Thanksgiving was a short trading day which incurred steep losses in many asset classes. News outlets blamed the identification of the Omicron variant of Covid19 as the cause. However, last week’s update indicated many “red flags” are waving according to Dr. John [...]

Are Red Flags Waving?

2021-11-23T17:10:07+00:00November 23rd, 2021|Categories: INVESTMENT|

Executive Summary In this week’s Update, I share important information published in an interim comment by economist Dr. John Hussman. He uses numerous market indicators to gauge market extremes, which all culminated last Friday, November 19. While claiming he is not “calling the market top,” the risk [...]

Where is the Shiller P/E Ratio Today?

2021-11-09T17:16:55+00:00November 9th, 2021|Categories: INVESTMENT|

Executive Summary In January 1999 the Shiller P/E broke 40 and by December of 1999 peaked at 44. Having been in the business at that time, I recall many in the industry looking back in hindsight commenting those overvaluation levels would never be reached again. But what [...]

What Are Investors Overlooking?

2021-11-02T17:16:12+00:00November 2nd, 2021|Categories: INVESTMENT|

Executive Summary As the everything bubble remains in the “Blow off Phase” (first graph), the third quarter GDP number came in at only 2%. The negative COVID impact to GDP and the resulting stimulus positive impacts can be seen in the second graph below. Now the stimulus [...]