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Ground Hog Day

Though Ground Hog Day was officially February 2nd, I am referencing the 1993 movie starring Bill Murray. I feel like I am reliving the same day over and over again in the market place.

The Dow Jones Industrials traded today at the same level it
did six weeks ago. Yet every morning I am seemingly greeted with a new intraday
high for stocks. Bonds are scarce, yet every day I hope to scratch and claw my
way to several worthwhile pieces.

Last month I wrote that asset prices were Better Than Best. After weeks of Ground Hog Days, guess what?  Prices are still Better Than … Read More