If you are like me, or the rest of the trading world, you have been scratching your head in disbelief, while watching not only the major indices regain what they lost after the beginning of the COVID pandemic, but for some like the NASDAQ, go to new highs. Let’s remember the markets were considered overvalued … Continue reading
Category Archives: Financial
Interest Rates: A Race to the Bottom?
This month’s move by the Federal Reserve Bank to lower interest rates for the first time in a decade may prove to be a “boondoggle”. This was done on the backdrop of all the economic indicators in the U.S. posting continuously showing record employment, rising wages, all time historic high stock index prices, and record … Continue reading
Bitcoin…so, is there egg on my face?
On July 27, 2017, I wrote a blog trying to tell my followers about the difference between speculation and investing. Nothing has changed. What has changed is that the wonderous and mysterious Bitcoin has increased from a paltry $2500 (considered insane then) to over $11,000 USD today. I have had some people continuously remind me … Continue reading
Don’t Confuse Speculation with Investing. Crypto Currencies… GET out!
Tulips come to mind! Generally considered the first speculative “bubble”, investors and common folk alike bought into the never ending rise of tulip bulb prices way back in @1637 A.D. Yes, this is as relevant today and a lesson to be learned. It was coined “Tulip Mania”, where prices rose exponentially and deviated from any … Continue reading
Look Out Below…Already Did
As I am sure you are all aware, after the Brexit vote, the UK currency has been steadily pushed down against all of the other major currencies like the US Dollar. As of Thursday Oct 6th, it was at 31 year-low. Now it is ALL-TIME low. On the surface, this may seem a curse, but … Continue reading