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Broken BRICs

March 12, 2015
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As you have probably gathered from a growing number of news stories, emerging markets are having a rough go of it right now. We have discussed this before, including the politico-economic problems in Russia, the multiple uncertainties of China and the Petrobras affair in Brazil. But we have no agenda about where we find our investment opportunities, and troubles in the old BRIC countries don’t extend everywhere. We’re just looking for what’s working. While announcements of national budgets don’t usually get investors’ hearts pumping, the announcement of India’s 2015 budget is a special case. With the Chinese economy hacking...

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The Trend Remains Up

March 9, 2015
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The sellers finally showed some power last week, pushing most of the major indexes lower and lassoing a bunch of leading stocks. It’s a shot across the bow, so to speak, but the overall evidence remains positive, especially as few stocks have suffered abnormal selling. Thus, we’re remaining bullish,...

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Investor Sentiment is Heating Up

February 24, 2015
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One of the many market truisms is that bull markets climb a wall of worry, and that once there is no worry, it’s time to sell. The best time to buy stocks in the past decade was February 2009, when the degree of investor worry was off the charts,...

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U.S. Market Looks Good — The Sky Is Not Falling!

February 17, 2015
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I attended the 34th annual MoneyShow in Orlando last week. The conference was well attended with 4,500 investors coming from near and far. Investors at the show were generally...

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There’s No Reward Without Risk

February 12, 2015
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Most writing about the stock market goes on and on about risk and reward. That’s appropriate, because any responsible analyst discussing the market needs to keep bringing up risk....

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Ready, Aim…Aim…Aim…

February 11, 2015
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In the final moments of the Super Bowl, one of the unsung plays came when the Patriots had the ball at their own half-yard line, and needed to burrow...

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Utilities Performing Well

January 28, 2015
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Macro factors were the big drivers coming into this month, with energy prices, exchange rates and central bank moves all exerting major influences on our portfolio. But as we’ve...

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Looking for Clear Signs

January 23, 2015
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As has been the pattern of the past couple of months, the market followed up a relatively sour couple of weeks with a nice rebound this week, bolstered by...

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Market’s Volatility

January 20, 2015
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The market’s long-term trend remains up, but intermediate-term action continues to be “challenging,” as news-driven volatility pushes the market first one way and then the other. In this type...

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