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March, 2017 Archives

Richard’s Thoughts on the Royal Road to Wealth

Richard’s Comments

 

I started investing during the late-1940s. The philosophy of investing was different then. Remember, at that time the US had just emerged from World War II, and before that the US had suffered through a brutal decade of the Great Depression.

 

After World War II investors were convinced that once again the US was fated to sink back into Depression. Of course, that never happened. Actually, between 1946 and 1949 the US did sink into recession, and this more than ever convinced investors that a resumption of the Great Depression was on its way.

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Brexit Week

By Benjamin J. Butler

 

As I write this (on Wednesday) the British Prime Minister has sent a letter, triggering Article 50 of the Lisbon Treaty to leave the EU, to the President of the EU.

 

It’s a monumental event, and likely to have profound ramifications for Europe and possibly the global economy and financial markets over time. Obviously the British pound has already taken a precipitous fall after the referendum last June, so it seems unlikely that there will be any major earthquakes.

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Daily Recap

Today is pretty much a nothing day; nothing in terms of decisive action, that is. European shares were mostly higher, the STOXX 600 gaining 0.3%. Key Asian markets were mostly quietly mixed. In the US, the oddball situation with the Dow and NASDAQ continues; the Dow is down 25 points coming into the close, while the NASDAQ is up 25! As the chart below shows, this divergence has been going on for all of this month.

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Now or Never?

By Jon S. Strebler

 

Mr. Russell used to say: ”It’s not the news that matters; it’s how markets react to the news that’s important.”  That’s on my mind now as I look at the stock market’s technical picture (a.k.a. the charts), along with the political fundamentals in the US.  Starting with the charts, we’re once again at a juncture that’s ripe for a correction in stocks.

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A Change in the Wind

By Matthew Kerkhoff

 

Markets are reacting to Friday’s abandonment of the GOP health care plan, and so far the narrative is one of uncertainty regarding the high expectations that have been set over recent months.

 

The new health care bill was seen as the first real test for Trump and fellow republicans, and it’s probably fair to say that they are not delighted with the outcome. But what about the markets?

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