The Political Battlefield
After the pitched battle to raise the debt limit ceiling and the follow on downgrading of U.S. Government debt by Standard and Poors, it is no wonder that August brought such volatile markets. Our chattering political class… Read More
Given the volatility in the capital markets over the past few weeks, it is easy to forget that the market was just a hair from its 52-week high as recently as July. Then, a flurry of events has made the… Read More
In our most recent newsletter, we discussed our thoughts regarding fiscal responsibility in the U.S. We premised that the steps that had been taken by states and municipalities were just a precursor to… Read More
I returned Wednesday from Orlando where I attended a meeting known as the Fidelity Executive Forum. Each year, Fidelity invites a group of successful advisors from around the country, along with the Fidelity executive team, to hear from an impressive… Read More
Well, not exactly Christmas, but, in a remarkable bit of bipartisan legislation, the Senate and House overwhelmingly passed a two year extension of the otherwise expiring Bush tax cuts. President Obama signed the legislation on Friday afternoon.
This… Read More
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2011 – A Difficult Year for Active Investors
2011 was a very difficult and frustrating year for active investors. According to a recent Bloomberg article, this was the worst year for actively managed mutual funds since 1997. For the year, the S&P 500 was up 2.1%… Read More