Had a conversation the other day with a bright, young, passionate Central Valley California conservative. A person who would all-day-long profess himself a capitalist, who, with table-pounding zeal argues for smaller government and lower taxes, who tea-partys like it’s 1999. There happened to be a TV in the room channeled to a cable news station, [...]

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Per my experiences with clients during the “worst recession since the Great Depression”, the tech-bubble bear market of ’00 – ‘03, the brief yet dramatic 20% decline in the fall of ’98, the market setbacks of ’94 and ’90, the October 1987 crash, the too many to remember 10% corrections, as well as the rallies/bull [...]

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“Reality is merely an illusion, albeit a very persistent one” Albert Einstein I tell ya, in today’s bipolar world, you just don’t know what to think – or that’s what we say anyway. The fact is, we’re going to think whatever suits our personal or political fancies, all the while fooling ourselves into believing we’re [...]

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Is this seven month stock market rally the real deal? Does Dow 10,000 reflect improved corporate earnings, a rebounding economy, record low interest rates and trillions of sideline cash? Or, is it no more legitimate than the current homerun record? The doubters tell us that the market’s recent gains result from nothing more than some [...]

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It’s amazing, the economy hasn’t even (officially) stopped receding and we’re already hearing that familiar chorus; “where are all the jobs?” And, as usual, the choir consists primarily of those who would gain politically from a less than stellar recovery (that very same refrain was sung from the opposite side of the aisle as we [...]

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