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overconfidence

Friday FOMC Memories: Absurdity

By |2014-03-07T12:52:04-05:00March 7th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The day after Lehman Brothers failed, the FOMC gathered to discuss how to conduct monetary business in the wake of the turbulence that decision created. Every single participant was willing to roll the dice on standing pat for two very big reasons. First, they felt that had been aggressive enough to counteract any downside, and that being aggressive in that [...]

Why is investing so difficult?

By |2012-02-04T14:50:28-05:00February 4th, 2012|Markets|

Joseph Gomez, Sr. Investment Advisor Why am I more optimistic about the future of the stock market? I can't help it when I read that mutual fund outflows last year topped $130 billion, or 3 times more than in 2010. Despite the 20% or so rally in the S&P 500 since early October, there were outflows of $28.8 billion in December 2011 [...]

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