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Daily Archives: March 9, 2009

Thoughts on Obama’s Healthcare Summit

March 9, 2009
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Our healthcare system is broken. Insurance costs, for both consumers and businesses, have risen inexorably. Doctors are frustrated at being paid less than they are worth. Millions of Americans are unable to afford basic insurance. And Americans are in terrible health, above all because of obesity and all its side effects. Yet previous attempts to fix the system have failed. So President Barack Obama, who is intent on using every bit of his political capital while he is still popular, is hunting for a less expensive system that will keep more of us healthy. I say, “Good luck,” sincerely...

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An Easy Way to Time the Stock Market

March 9, 2009
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I’ve been thinking more and more about the historic decline we’re living through, and I think this will become a litmus test for investment advisors and money managers in the years ahead. The most popular question will be, “How did you perform during the 2007-2009 bear market?” The advisors who fared poorly will likely struggle to get new clients or hold on to their current ones, and hence, may have trouble surviving. But the advisors that avoided most of the bear market and didn’t fall prey to the classic “you must remain fully I invested at all times!” mantra...

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