BUSINESS, EDITOR'S DESK, EDITORIAL

Do We Have A Witness? GE.

AUGUST 18, 2019. The shocking is often unbelievable until it’s believed. Does a historic track record of truth matter? Not really. It’s more fun to simply scoff and savage the messenger. There’s always time to act like you were a professional from the start.
Harry Markopolos has a track record. You’ve heard of Madoff. Harry made that call, four times. The SEC slid his 30 page Madoff Ponzi scheme road map into the trash and split for lunch. They treated him like some mad urban shepherd spouting stories of invisible monsters.
On Thursday Markopolos made another call, this time on GE. He was promptly encircled and ripped on by smug CNBC “hosts.” Aren’t they paid to shed light? No apologies for stark professional failure will be forthcoming. That’s how arrogance works.
Never mind that the man clearly stated his expertise is forensic accounting, and that he and his team worked for seven months investigating. Providing a bullet-point breakdown went nowhere. That’s also how arrogance works.
Charges are just that, until proved. Skepticism is human and healthy. Brute contempt upon first hearing is known as arrogance. “Do We Have a Witness? GE.”

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BUSINESS, EDITOR'S DESK, EDITORIAL, INVESTING, MONEY, Reader's Choice

Blind Investing by Fidelity. It’s More Fun Without Those Pesky Facts.

JULY 18, 2019. Someone wants your help with their Fidelity retirement account you say? Nice. Fidelity’s literally got that covered. Their “Limited trading authority’s” darkly ingenious. Just close your eyes and select.
Who doesn’t enjoy a blindfold for a car rite, or while investing? Handcuffs and half-facts too. Relax, it’s only your nest egg. All mutual finds smell different over the phone. Besides, investing research grows dull when you can actually see the facts.
Admit it. Everybody loves game show-style retirement navigating. Details muck everything up. Fidelity’s unique Zero-View format is for anyone attempting to help a participant in any of the retirement plans they manage. How? Fidelity snaps off the lights and instructs you to ask questions, over the phone. Two ways past this bat-mad lunacy. “Blind Investing by Fidelity.”

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EDITOR'S DESK, EDITORIAL, THINKING NOW

Theft and Tariff. Thriving This Trade War.

JUNE 15, 2019. Who doesn’t enjoy a mad swarm of bees–more than a trade war wedgie? Bees obey rules, usually. Besides, it’s hard to make sense with your unders wrapped around your chin. Trade is a fight and all fights are personal. Can anyone else hear that back-up warning beep? Once launched trade wars float forward creating some funky life all their own. Trade wars are also sort of like that guy stitch-fixed together out of spare parts by that famous German doctor. No one knows what’s coming next. They lumber and lurch clumsily crushing anything good and sensible. Soon the goal shifts to stopping the damage.
Thieves piss everyone off, with the exception of those doing the thieving. Some entities refuse anything but a boot in the ass. Ask T. May. Middle school also proved that. Such requests should be solemnly honored. Talk goes only so far.  Sometimes only a frown signifies progress. “Forced technology transfer” is not free trade, and “Joint venture partners” who systematically steal are not partners. Meanwhile the WTO has never loved America and looking to them for fairness is as effective as tossing empty pop cans.
This gargantuan pie fight mashes onward, and investors make their way through the mess. Doing so intelligently means sticking to what works. No one knows our collective future. They only pretend to. We alone hold on to our portfolio rudder. Thriving this trade war. Ultimately one truth exits. The decisions are ours.

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CULTURE, EDITOR'S DESK, EDITORIAL, MARKETS/ECONOMY, Specials

Stock Summer. Moving Through.

MAY 30, 2019. Summer comes.  The heat boils up your neck and beads down your back, and then it’s over.  Once again days shorten.  Again we miss the blazing light and glance quickly back wondering  where it all went.  A perspective falls naturally into place.
Summers don’t come off a rack.  They are not stock.  Each is unique, in its’ own way.  Patterns shift.  Yet each year we stare past a sunglass and feel a solidarity with others–people we don’t know, yet sense a unity with in this thing we know as life, and heat, and prolonged unfolding.  Amen to that, because together we’re at our strongest. That’s one thing that brings us to this page.
Stocks are only part of our days.  But we love it–honestly we do, or we wouldn’t bother.  You’ve heard it before “Sell in May and go away.”  Summer action is a slower, even sleepy time, traditionally.  Many money managers actually go on vacation.   Funds go on auto-pilot.  The French abandon their desks.  They flee a heated Paris for a month and live.  God knows the Italians do.  They understand.  Perhaps there’s a clue here, for us, concerning stocks, and a sweaty stressed stupid market, in need of a flighty butterfly heart.  It’s summertime.

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CULTURE, EDITOR'S DESK, EDITORIAL, FUNDAMENTALS, INVESTING, MARKETS/ECONOMY

Galaxy of Guesses. Stone Fact.

MAY 5, 2019. Fighting stone theft has brought down the acid rain of trade warring. Correcting the outrage of “Forced Technology Transfer” is turning out to be outrageously expensive. Follow the bouncing tariffs, as the process takes now bumbling share prices down the basement stairs into chaos. No predictable end exists to a war that looks likely to produce a prolonged market decline.
If you’re not defensively positioned now, it’s too late. The remainder of the market seems set for lower prices. We see China-free secular momentum stocks as a refuge, even in a slower economy. Yet even those are targeted now. A descending market takes everyone down. Stay and ride it out? Or return when prices are lower?
Should you be invested in this trade war market?

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EDITORIAL, INVESTING, MARKETS/ECONOMY

How Far Can This Market Fall? How Deep is the Ocean?

APRIL 16, 2019. No shortage exists. Glance behind. The line begins at your back and everyone there wants to “help you,” for a price. Sign-up for yet another ass-wipe newsletter. They have a “seminar, just for you”–you and your credit card.
We want nothing from you. We’re sharing our journey with you because we love it, and we were once callously side-swiped by the filthy retail investing hucksters and don’t want that to happen to other people. Here are the facts as we best see them. Our market is expensive. That means danger. No one ever got paid a Fa King dime for playing on the highway. This market’s now a highway.
No definitive warnings are ever issued prior to fugly market resets. They happen like earthquakes. They also leave behind destruction. No shortage of doomsday hucksters exists either, and they have “newsletters” too. We’re not calling for doomsday. We’re saying prices are high, and high prices always come down. Often they do so in a sudden sickening gut-wrenching manner. That’s history, not opinion. Buy high, fall far, and this market is tall. Tick tick.

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