Years ago, I owned a sailboat built in 1929 . . . and you know what else happened that year. Designed by John Alden and built in Marblehead by the James E. Graves yard, the boat, which I named Ivy, was 28 feet long, thin and beautiful, and propelled by a big mainsail on a 40-foot wooden mast. When I bought it, it leaked like a sieve. I fixed it up, enjoyed it for a few seasons, and when I sold it to Matt Murphy, who became editor of Wooden Boat magazine, it still leaked like a sieve. The...
With pressure building underground, there hasn’t been a real breakout to the upside by U.S. markets. The Nasdaq has put in some nice gains; its chart looks like it wants to build a cup that began its left side on January 6 when the Index topped at 1,666. But whether it happens this week or this month or a few months from now, the stock market will be coming back. It’s the only thing about the stock market that I’m willing to predict. It always does. Always. So, as we’ve said here a dozen times or more, you should...
