Greg Carr, July 7, 2020
Irrational Exuberance 2.0
Quote for the Day: “How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions…?” – Fed Chairman, Alan Greenspan, 1996. Read More
QUARTERLY MARKET OUTLOOK
Greg Carr, April 7, 2020
Quote for the Day: “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” -Warren Buffett
Summary: Stocks around the world have been in turmoil since mid-Feb. due to concerns over Covid-19 and its potential effect on the economy. We are not sure how long this will last. But it will end at some point and our economy and markets will recover. In the meantime, government policymakers have pledged to do everything they can to shield the economy from a deeper recession. Read More
This month’s volatility, reminiscent of the drawdown in February and March, has temporarily taken away much of this year’s prior market gains. And international markets, small caps, and bonds have also struggled recently, putting a greater drag on diversified portfolios. Read More
March 7, 2018
Summary: As forecast in my 2018 Outlook, markets have seen a return to “normal” this year with increased volatility and an expected correction in the stock market. Despite the recent correction and volatility, this does not signal the end of the bull market which will likely continue for another year, or two. International markets, many still in earlier stages of the economic cycle, continue to look like a bright spot for continued growth. But with the economy now in its mature stage and inflation and other factors now at play, we cannot rule out a recession coming sooner than we expect.
Monday’s plunge in the markets was enough to make you stop and take notice. But the sky isn’t falling. We knew it was coming – we’ve been saying stocks were due for a correction for the past year and a half (see our 2018 outlook here). And it’s ok. It’s a natural part of the market cycle.
It was about time.
“There are three things that I know for a fact in the world,” David Letterman recently said after receiving the 2017 Mark Twain Prize for Humor. “These are universal. Absolutely universal. 1) If somebody comes up to you with a bag of M&M’s, pours out a handful in your hand, automatically, you will start doing this (shaking hand back and forth). Absolutely no control over that. You’ll be doing this before you know it. 2) If you pull a nose out of your hair…er…a hair out of your nose, I don’t care if you do it a hundred times, each time you will sneeze. And 3) if you help someone, in any way, big or small, automatically you will feel good about yourself. Those are the three things that I know. And I’ve seen a guy pull a nose out of his hair. Years ago at the fair”.
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Summary Projections for 2018:
Merry Christmas to you, our clients and friends! Every year we look back and realize how blessed we are to have the clients we do and to do the work we do.
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In the wake of the Equifax security breach we recommend clients consider freezing their credit to prevent hackers from opening credit accounts in your name. Please find below an article we posted two years ago with instructions on how to do it. Read More
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