After five weeks of quarantine, many people are wondering when, if ever, life will return to normal. The short investment answer is that it won’t.
The effect on the stock market has been pandemonium. There is an old adage on Wall Street that markets take an escalator going up, but the elevator going down. Program trading has exacerbated this.
The Federal Reserve recently issued an opinion that was interpreted by many as a signal for a rate cut at the next meeting. The current interest rate for ten-year Treasury…
World War II got off to a slow start. It officially began on September 1, 1939, with the invasion of Poland by German and Russian troops. The next advance was…
Warren Barnett was honored with the 2019 Ruth Holmberg Arts Leadership Award at the Hunter Museum of Art in Chattanooga TN. https://youtu.be/mguOXhoJsN8
This year, the federal government will run up a deficit of $900 billion. The total amount of debt outstanding is about $22 trillion, which is about the same size as…
After the sharp decline in December and equal recovery in January, investors can be forgiven for believing that the financial markets are back to normal after a slight hiccup. While…
On the surface, it is irrational for people to clamor to buy stocks at their highs, and avoid them at their lows: same stocks, same companies, different prices. The change…
On a typical day, about one half of one percent of all shares of stock in this country changes hands. Depending on whether there are more sellers than buyers or…
Regarding the overall market averages, October undid most of the progress for stocks for the calendar year. Regarding the stocks that have led the advance over the past five years,…
