On Thursday, March 5, 2020, the Dow fell 969 points – just the latest in a week of wild swings. While monitoring the situation, a headline caught my eye: “Dow tumbles nearly 1,000 points again, because stocks can’t figure out coronavirus.” To me, this headline illustrates what the media often gets wrong about investing. But before we dive into that, let’s review how the coronavirus (COVID-19) is impacting the markets...
It started in China, then spread to South Korea and Japan. Cruise ships have carried it; tourists have transported it. Now it’s in Italy and Iran, Thailand and Taiwan, and more countries besides. It has infected almost 80,000 people and been fatal to over 2,600...
Major Bill White is a 104-year-old veteran of World War II, and perhaps the oldest Marine alive. 1 He’s a Purple Heart recipient who fought at Iwo Jima, and later served in the Korean War as well. These days, Major White lives in an assisted care facility in California and spends much of his time collecting memorabilia of the incredible life he has lived...
We have officially closed the book on the fourth quarter and with it calendar year 2019, which was the best year for US equities since 2013 as the S&P 500 (SPX) notched a price return of 28.88% for the year. With such a large gain last year, many investors may be wondering if the domestic equity market has any steam left or if we’re in store for a lackluster 2020. There is, of course, no way to be certain what the next year holds; however, it is worth noting that just looking at the calendar year return of the S&P may not give us the full picture...
Happy Holidays! I recently came across a story that, to me, is a perfect example of what this season is really all about. I thought you might like to read it, too...
Recently, I asked various people I know the following question: "What were you thankful for when you were five years old?" Here are a few of the responses I got...
