Market Timing

The "Exit" Problem

"The collective wisdom of market participants is generally 'right' during the middle of a market advance but 'wrong' at market peaks and troughs..."

Mauldin: The Bonfire Burns On

"Bonfires are fun to watch, but they eventually burn out. Human folly apparently doesn’t, so we just keep adding to the absurdities..."

The Great Disconnect: Markets Vs. Economy

"While the Fed keeps promising with each passing year the economy will come roaring back to life, the reality has been that all the stimulus and financial support can’t put the broken financial transmission system back together again. Eventually, the current disconnect between the economy and the markets will merge. My bet is that such a convergence is not likely to be a pleasant one."

Some Thoughts On "Long-Term Investing"

Investing just for the sake of having your money in the stock market is a fools bet. As the old adage goes: “If you are sitting at a poker table and can’t figure out who the pigeon is…it is probably you.”

Weekend Reading - Are Stocks Really The Great "Wealth" Equalizer?

"Just recently, the New York Post a very interesting article entitled “Millennials should start taking stocks seriously.” While I am sure the author is well-intentioned, it is a very misguided article in its assumptions... the stock market is not, and never has been, the “solution” to building wealth. If you look around the world, there might be a very small handful that have actually built a fortune by investing alone. That is the exception, not the rule."