Stock Capitalist

We will touch on a lot of bases in this holiday issue of my weekly E-Letter. We start by looking at the latest economic data, and how hard it is to get a new job if you become unemployed. We also examine President Obama’s new “jobs program” that would spend what’s left of last year’s [...]

We’ve got an extended economic adjustment ahead. Most probably far longer than most investors presently expect. As always, we’ll take our opportunities as the evidence emerges, with the objective of outperforming our respective benchmarks over the complete market cycle, and an additional emphasis on defending capital over the course of that cycle…..
ORIGINAL ARTICLE
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It is my opinion that, as parents, we have an obligation to teach our kids about saving and financial matters in general. I believe that teaching our kids about saving and financial matters is just as important as teaching them about honesty and integrity, and even sexual matters. Yet, as is the case with sex, [...]

Last Wednesday the government reported that 1Q GDP declined at an annual rate of 6.1%, thus confirming that we are still in a deep recession. While the GDP report was worse than the pre-report consensus, it was very much in line with what I predicted in my April 21 E-Letter. I continue to believe that [...]

Over the last year, the financial media has focused primarily on the major banks and their solvency issues. We have heard relatively little about the major insurance companies, which were not eligible to participate in federal bailout programs such as the TARP. As I will detail in the following pages, most of the major insurance [...]

“The stock market is crashing — slowly, and in plain view of the people who count on it most. The 53% plunge in the Dow Jones industrials since October 2007 [measured as of March 6th GDH] has wrecked the college- and retirement-savings plans of millions of investors. It has permanently lowered the long-term investment [...]

Economic news continues to worsen week after week. As I will discuss below, Gross Domestic Product contracted at almost twice the previously reported pace in the 4Q of last year, and most analysts now expect a similar or worse slowdown in the 1Q. Many forecasters now believe the recession will last all year, with a [...]

Bloomberg has recently discovered that with the passage of the $787 billion stimulus package, the federal government is now on the hook for $9.7 trillion in direct bailouts and associated government guarantees. Add to that Geithner’s $1-$2 trillion and another $275 billion to help the housing crisis, and you get pretty close to $12 trillion [...]

We are witnessing the most aggressive government intervention into the US private sector in history, and I am not simply referring to President Obama’s massive $825 billion so-called “stimulus” package passed last week by the House of Representatives. As we will discuss as we go along, there are also plans in the works to borrow [...]

A great article from Gary D. halbert on some of the downfalls to a buy and hold strategy!
“In light of a second bear market within eight years that has (again!) decimated the retirement savings of the Baby Boom generation, it’s not much of a stretch to think the investment strategy that allowed the whims of [...]

Great article by Gary D. Halbert
“What follows is a brief review of our due diligence process when we consider a money manager…”
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“One thing appears clear: 2009 is likely to be another wild year in the markets. So, what is an investor to do? Remain in cash and earn little or no

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return, or jump back into equities and risk losing even more money if the market retests the November lows as some analysts expect? I [...]