Ladies and Gentlemen we have a Black Swan

Or, at least as of 11:30 PM CST November 8, 2016, the unimaginable (at least to me) may be about to occur — a Donald Trump Presidency. Dow futures are down 777 points (4.16%). Both S&P and Nasdaq futures have hit their down-5% collars and stopped trading (subsequently they have resumed trading). If the current […]

Correction and Amplification-“Rising Rates–A Knockout Blow?”

CORRECTION–The time frame in the initial publication of “Rising Rates–A knockout Blow?” was incorrectly stated at 8 years (An extreme case–1974-1982). The actual time frame coinciding with the stated investment performance of stocks and the 10-year Treasury should have been read as 7 years (@1975-1982). AMPLIFICATION–It has been suggested to me by a friend and […]