Friends  Well, I would like to say "that was fun" but it wasn't. We went on a roller coaster ride in stocks today that we haven't seen in years. After a 250 point initial drop in the Dow at the open, stocks recovered and fought their way back to breakeven by...

Friends  Last Friday I ended the email with a cryptic line "this is the best start to the year for stocks since 1987". Yes, I was being a smart aleck, but only one person emailed me that afternoon to ask if I was implying that we might have something coming like we...

Friends  Stocks once again seesawed back and forth today reacting to earnings releases, bond market selloffs and in anticipation of tomorrow's non-farm payroll number. Earnings have been good, but as we know prices were somewhat extended as we entered this earnings...