Finding Value in a Loser’s Game
As John Kenneth Galbraith famously pointed out, we have two classes of forecasters: those who don’t know and those who don’t know they don’t know.
The Perils of Prognostication
Strategists from most Wall Street experts predicted 10-12% market growth for 2011 while only two called for minor declines.
Is This Rally Over?
Every major business cycle has winners and losers, leaders and laggards. The players change, the cycles change or reverse, but the concept remains the same.
Not Cutting Back: J.P. Morgan Private Wealth Management CEO Joe Kenney
No doubt Joe Kenney, intent since boyhood on creating a career in financial services, aimed at one day becoming a CEO. Chances are, however, he...
No Pity Party for Big Banks
Study finds predatory lending originated in the same banks that received bailouts. At least 21 of top 25 subprime lenders received bailouts through ownership, credit agreements or purchases of loans for securitization.
David Macchia Interview: Tom James
David Macchia: The events that have played out in the economy in recent months have been remarkable. I know you've witnessed a great deal in...
The ETF 'Safety Net'
Ford's Model T was the car that "put America on wheels". ETFs were the vehicle that brought sector investing from Wall Street to Main Street. Sector...
WaMu Failure Further Sign of Financial Turmoil
Signs of the faltering economic environment continue to unfold as the federal government seized Washington Mutual (WaMu) on September 25 in what is being called...
The Benefits of an RIA
What a rollercoaster ride this has been! As you are acutely aware, the markets have been quite dysfunctional. Only those very close to the situation...
Who's on Deck?
Following the demise this year of Bear Stearns, the federal takeover of Fannie Mae and Freddie Mac, the bankruptcy filing of Lehman Brothers, and the...