Featured Post

Clearly, Not Everyone Is Getting Rich Off The Stock Market

By -
Image
Well, the NY Fed was out today with its Quarterly Report on Household Debt and Credit for Q4 2017. Clearly, Americans are in a lot of debt. Take a look. Just a couple of quick hits from the report. Total U.S. household debt rose $193 billion in the 4th quarter, to a new all-time peak of $13.15 trillion. That's 17.9% above the most recent trough in Q2 2013. Broken down by segment, what do you suppose was the largest gain in percentage terms? Credit cards, with a 3.2% increase. In the picture above, the widening gap represented by the red arrows reflects the fact that non-housing debt is rising at a faster pace than housing debt. Here's what's troubling about that. Below is a picture of the stock market, as represented by the S&P 500 index, over that same period; from the most recent credit trough in Q2 2013 to the end of 2017. And thus, the title of this article. Over that period, the S&P 500 index rose by 75%; from roughly 1,600 to 2,800. Apparently, ho...
9 comments

Let's Be Careful Out There

By -

You may remember that classic line from the series Hill Street Blues. Each morning, as he concluded his morning briefing, Sargeant Phil Esterhaus reminded his officers of the importance of staying alert and being careful.


This may be very timely advice for investors as well. I got to thinking about this as the market closed today. Why? Because, as of today's close my personal portfolio is at an all-time high. That in and of itself is not unusual. U.S. market averages are also at all-time highs. In fact, the Dow just posted its 9th straight record close.

What is a little unusual is that I have now achieved new all-time highs for 10 straight days. And what THAT means is that there is an unusually low amount of volatility in the market.

Think about it for a minute. Would you agree that there is currently what can only be described as a higher-than-normal level of volatility in the world? Might you even go so far to describe it as fear and uncertainty? Normally, markets hate uncertainty.

What might that mean for you, and your portfolio? I could offer my thoughts. Instead, take a look at these recent comments from Art Cashin and Goldman Sachs.

Let's be careful out there

Comments

Post a Comment

Popular posts from this blog

Clearly, Not Everyone Is Getting Rich Off The Stock Market

By -
Image
Well, the NY Fed was out today with its Quarterly Report on Household Debt and Credit for Q4 2017. Clearly, Americans are in a lot of debt. Take a look. Just a couple of quick hits from the report. Total U.S. household debt rose $193 billion in the 4th quarter, to a new all-time peak of $13.15 trillion. That's 17.9% above the most recent trough in Q2 2013. Broken down by segment, what do you suppose was the largest gain in percentage terms? Credit cards, with a 3.2% increase. In the picture above, the widening gap represented by the red arrows reflects the fact that non-housing debt is rising at a faster pace than housing debt. Here's what's troubling about that. Below is a picture of the stock market, as represented by the S&P 500 index, over that same period; from the most recent credit trough in Q2 2013 to the end of 2017. And thus, the title of this article. Over that period, the S&P 500 index rose by 75%; from roughly 1,600 to 2,800. Apparently, ho...
Read more

3 Best International Total Market ETFs

By -
As I feature in this educational article from my personal blog, there are good reasons to include exposure to foreign, or international, markets in your portfolio. Two key reasons are potential for growth and diversification . In this article I wrote for Seeking Alpha, I review what I consider to be your 3 best choices in this sector. Enjoy! ----------- Authors Note: If you like my work, I would be profoundly grateful if you would take a minute to follow me on Twitter , Facebook , and/or Google+ , as well as feature my work to friends, colleagues and/or relatives who may be interested in the subject matter. Growing one's readership base is critical to any author and I am no exception. Your support will enable me to continue my efforts.
Read more

Has Starbucks Lost Its Way?

By -
Image
I couldn't help but notice that same-store-sales in the quarterly results announced today fell short of expectations. For me, this did not come as a total shock. ETF Monkey has loved Starbucks for years. In the course of my work travels, I frequented their locations in Seattle back in the days when they were small. They were amazing. The quality of everything they served was top-notch. I wanted to meet their HR person, because my experience was that virtually every employee went above and beyond your expectations. It was like they had enjoyed a little too much of their own product, but in a good way. Cheery, bubbly, upbeat. And then they got big. Very big.
Read more