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Obama and Bernanke are Not on the Same Page on Our Future

Thinking Things Over              January 29, 2012 Volume II, Number 4:   Obama and Bernanke are Not on the Same Page on Our Future  By John L. Chapman, Ph.D.                                                                                                                     Washington, D.C. The week just passed witnessed an extraordinary disconnect.  Tuesday night President Obama delivered his annual State of the Union address, and argued that the economy is “getting…

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The Commanding Heights

We gather tonight knowing that this generation of heroes has made the United States safer and more respected around the world.  (Applause.)  For the first time in nine years, there are no Americans fighting in Iraq.  (Applause.)  For the first time in two decades, Osama bin Laden is not a threat to this country.  (Applause.) …

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The Alhambra View

I have had the pleasure of working with my new colleague Patrick Manning helping him reformulate our strategic (passive) portfolios for future clients.  The exchange of ideas with a 40 year Wall Street veteran has been extremely satisfying.  Pat has shared many insights picked up over the years and I have been able to relate…

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A Closer Look

The S&P 500 continues to creep up on no news from Europe and further monetary easing here in the US. While the move up has been nothing to write home about, the markets do find themselves overbought, and sentiment is quite positive, which may signal at least a short term top. The VIX index hit…

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Trend Watcher – YTD Performance and Earnings Review

Joseph Gomez, Sr. Investment Advisor Companies are clearly having a tougher time living up to analyst expectations this season. Currently, only 58 percent of companies have managed to beat estimates. Even though we are in the middle of earnings season, analysts have continued to lower their earnings estimates at a quickening pace. There is a factor of…

201201.27
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Dueling Ghosts of Past Economic Calamities

The IMF is clearly not satisfied with the current state of affairs in Europe. Not only has the global “agency” reduced growth forecasts across the board, it is predicting a global contraction absent comprehensive solutions to the PIIGS problems. Setting aside the obtuse idea that the world’s economic problems only reside within the PIIGS, the…

201201.25
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Fed has “The pedal to the metal”

Joseph A. Gomez, Sr. Investment Advisor WASHINGTON — The Federal Reserve said on Wednesday that it was likely to raise interest rates at the end of 2014, but not until then, adding another 18 months to the expected duration of its most basic and longest-running response to the financial crisis. As I pointed out in last week’s…

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Some Things Change Some Things Don’t

One of the basic tenets of the Strategic Approach to investing is that it is very difficult to predict future movements of securities or securities markets. As matter of fact many academic studies over many years have demonstrated that Wall Street and its army of professionals who earn a handsome living trying to pick winning…