New market definitions

Bad times usually bring out gallows humor, and the recent bear market was no exception. Various versions of funny Wall Street definitions have appeared on the Internet and in print publications. Here are ...

Best and worst months

Conventional wisdom pegs October as the worst month of the year for the stock market. It was in that month that the crashes of 1929 and 1987 occurred. But that wisdom is wrong: September has proved to ...

Don’t blow a big opportunity offered by the bear

Your portfolio has endured one of the worst bear markets of the last 100 years. As bad as things seem, investors may have been handed a once-in-a-lifetime opportunity. They shouldn’t blow it by becoming ...

Client Letter – Q4 2002

I hope that you enjoyed the holiday season!  In order to start this year on a positive note, I thought that it might help if we look at 2002 with the proper perspective.  The chart below shows annualized ...