The Dow shed 1500 points last month and all of a sudden we can focus on something other than congratulating policymakers on keeping stock prices high and bond yields low. The financial world has been changing in rather dramatic ways but as long as stocks levitated and defied gravity no one seemed to care. (more…)
Posts Tagged ‘trend change’
Another Step Closer
Another month, another Letter. I appreciate your readership, particularly in these times of seeming sameness. No body likes to throw cold water on good times, my self included. (more…)
The Mood of Municipal Bonds
When one thinks of municipal bonds, generally the next thought is…boring. Bonds are usually boring; adding municipal to the mix should make them more so. Bonds have a job to do and for most of the past several decades they have performed. Primarily we have the trend to thank. (more…)
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