Donald Trump will be the next president of the United States. Needless to say, that took a lot of people by surprise. As I’m writing this Tuesday night, Dow futures are down 800, and the dollar is tanking. People are panicking. It’s the end of America… the end of democracy itself! My advice? Wait a...Read More
Jeremy Grantham had some good comments in GMO’s third-quarter letter to investors. I have come to believe, however, very reluctantly, that we bubble historians have, together with much of the market, been a bit brainwashed by our exposure in the last 30 years to 4 of the perhaps 6 or 8 great investment bubbles in history:...Read More
I joined Mike Robertson and Peggy Tuck today on Straight Talk Money radio. First item on the agenda… the election! Next up, we tackled the question of bond yields… and discussed what the Fed’s next move will mean. I also talk about my favorite sector for the next year: REITs. Currently, REITs are in their...Read More
Remember, remember the Fifth of November, The Gunpowder Treason and Plot, I know of no reason Why the Gunpowder Treason Should ever be forgot. Guy Fawkes, Guy Fawkes, ’twas his intent To blow up the King and Parli’ment. Three-score barrels of powder below To prove old England’s overthrow; By God’s mercy he was catch’d With a...Read More
I joined CNBC this evening to chat about Starbucks’ (SBUX) fourth quarter earnings. Overall, this was a very solid quarter for Starbucks, and the most profitable in the company’s history. SBUX beat analyst estimates on both top-line sales and earnings per share. Guidance for next year was a little weaker than expected, but not enough...Read More
