2009 is now in the books, and it was a year of high drama.  Investors should have the date March 6, 2009, underlined in their diaries as the day U.S. stock markets completed the retest of their November 2008 lows and put in a definitive bottom.  Since the S&P 500 bottomed at 667 on that [...]

[Read more →]

Fundamentally, I’ve thought gold has had a great story for many months.  After all, there are only so many billions of dollars that governments can spend and use for bailouts, and there’s only so much money the world’s various central banks can print, before investors begin putting their money into hard assets instead of paper [...]

[Read more →]

As I’ve done a couple of times, I’m going to start my Wealth Advisory with a quick update on the ECRI Weekly Leading Index.  I first wrote about it back in November of last year, and back then, my point was to alert you to the fact that the economy was, without a doubt, going [...]

[Read more →]

I’m a great believer in the adage that although history doesn’t repeat, it often rhymes.  So today I want to review the story of the rise and fall of EMC … and see if we can learn something from it.
The story starts in 1936 when a boy named Richard Egan was born to an Irish [...]

[Read more →]

It’s easy to understand what a leading economic indicator is and why it leads.  If purchasing managers are increasing their buying, it’s because their businesses need new equipment to do business with.  Increasing consumer confidence will lead to more consumer spending.  Simple.
Trailing indicators are a little more complicated, and the amount of attention being paid [...]

[Read more →]