Blog Archives

We don’t pay much attention to gold, believing that the price of the metal depends more on what someone is willing to pay for it as opposed to some intrinsic value. However, the near crash in its price has caught … Continue reading →

Those of a certain age will remember the words of this title as a commercial by a company that manufactured audio cassettes. The point was, the tape recording was so real it could not be distinguished from a live performance. … Continue reading →

This year about $85 billion of cuts to the discretionary portion of the US budget will be implemented, at least under current law which, as we know, could change. Dire consequences have been forecast. Could these forecasts come true? First … Continue reading →

As we expected, the Dow finally broke through the upper end of a long term trading range and is making new highs. Now that we’re here, worry abounds. Even analysts who expected new highs in 2013 are calling for a … Continue reading →

The stock market has been flirting with five year highs – but not breaking through to all time highs – for a  week now. We are at an inflection point in the markets, for both stocks and bonds, and the … Continue reading →