A recent Business Insider article had quoted current Dallas Mavericks owner, Mark Cuban, in regards to his thoughts on student loan debt. A rather extreme solution to the growing problem of student loan debt is for the government to 'forgive' some of that debt....
The Federal Reserve has announced they are "on-hold" through next year, and likely well into 2014. What kind of effect will that have on the stock market? Does that mean interest rates will stay low that entire time? Maybe not. The "bond market" will actually...
When I was in college, I loved listening to a local college radio station (WFUV, Fordham) that had a sports-talk show on Sunday nights. The show featured something new: phone calls from listeners! This was more than 25 years ago, before WFAN in New York, ESPN Radio...
Don't worry about "why" your investment is falling. Focus on "what" instead. What is happening now. Don’t worry about “WHY”...everyone is doing that. Gyrating stock prices are getting swung around by deceptive news headlines, faulty stories -- all designed to play...
Like crossing the equator on a ship -- should buy and hold investors get some kind of recognition (or have some celebration) for crossing the line? The S&P 500 crossed 1100 in 1998 (twice), 2001 (3X!), 2002, 2004 and 2008. Look, when I drive around the same...
There's a great story I read in the New York Times. It’s part business/part technology. While it delves into some pretty sophisticated topics, I'll try and summarize it as best I can right here. The author, Anne Eisenberg, wrote about an experimental website,...
We don't make predictions at Mullooly Asset Management. And we rarely hold anyone else's predictions as credible. So keep that in mind with this post. With oil recently trading over $140 a barrel, there is an article from the New York Times -- that I think has been...
Interest rates are on the rise. Why? In my line of work, we never know the reason why certain events took place -- until after they've occurred. Then we have to deal with picking up the pieces, or mopping up the spilled milk. As many people smarter than me have noted,...
No wonder many people have lousy opinions of Wall Street folks. Read on: Written in Barron's March 5, 2007 issue, Bill Alpert noted that nearly 20% of "Analyst Recommendations" over a ten year period from 1993-2002 were changed -- after the fact. Twenty Percent! As a...
In my previous message, I talked about how we moved to defense twice in 2004, but it seemed the market didn't go down either time. If the markets weren't going down, why get defensive? It's an example of where the "generals" stay to fight, but the "soldiers" were...
