Sadly, as markets stall and crash, participants will still be in their seats thinking all is well. The tragic 2009 crash of Air France Flight 447 offers an apt analogy for the global economy and central bank-driven false signals. Flight 447 entered an area of frigid turbulence over the Atlantic which caused the air-speed sensors (pitot tubes) to […] Read more

By now you have probably heard that the first quarter of 2020 was the worst quarter for the Dow Jones Industrial Average since 1987. For the S&P 500, it was the worst quarter since 2008. While those stats are startling, they could have been much worst had the quarter not started so well. In reality, […] Read more

Judging by some memes in circulation, a large segment of the American population is callously indifferent to the health of the stock market. “Wall Street isn’t Main Street. Stocks aren’t the economy, so who cares if stocks are down?” Ignoring the fact that Main Street is in an even worse condition than Wall Street right […] Read more

The stock market continues to act like the weather – good one day and bad the next – unpredictable. It continues to defy prediction and even great news has little lasting effect. At least, there is still some hope left. Hopes seem to have been buoyed by President Trump’s statement that we cannot stay closed […] Read more

With the losses on Wednesday and Thursday, the major U.S. indices officially reached bear market territory by falling over 20% from their peaks in February. Looking at the rapid decline, I couldn’t help but be astounded by how sharply the decline has occurred. In four weeks the S&P is down over 26% – at least […] Read more

The coronavirus panic shaking world markets has offered home owners a historic opportunity to purchase or refinance home loans at extremely low interest rates. For the week ending on March 6, 30-year fixed rate mortgages for top tier scenarios (such as borrowers with good credit) are getting snagged for rates as low as 3-3.25%. According […] Read more

You know that you want to grow your business for better success, but you are not sure of the best way to go about it. You need ideas and marketing methods that you can be sure will work. Although there are many ways to build your business, these ideas will help you get started in […] Read more

The more than 10 percent drop in the stock market is not a good thing.  That is for sure.  But it is nothing to panic over – at least not yet.  It needs to be put into perspective. By financial analyst definition, a 10 percent drop is called a “correction” —  not a panic and […] Read more

LendingClub made news Tuesday as the first US fintech lender to buy a bank.  An early industry leader in peer-to-peer lending, LendingClub announced the signing of an agreement to pay cash and stock totaling $185 million for Radius, an online bank founded in Boston in 1987. LendingClub expects the purchase deal to take 12 to […] Read more

Back at the end of December, I gave an outlook for what I saw happening with gold and oil prices in 2020. At that time I pointed out that oil was approaching potential resistance and that it was approaching overbought territory based on the 10-week RSI and the weekly stochastic indicators. I also pointed out that […] Read more