Our Annual Q And A

Q.  Will the impeachment inquiry (and possible impeachment) of President Trump put a lid on stock prices, or cause share prices to fall? A.  The impact of impeachment on the markets is not clear.  From the beginning of Richard Nixon’s impeachment inquiry to his...

P/E Ratios and Bull Markets

The current economic expansion is celebrating its 10th birthday this month — the longest on record.  What accounts for its longevity?  In our view, the lack of an economic boom.  No boom, no bust.  The next recession may be the most widely anticipated of all time. ...

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