Perspective is a great equalizer. The New York Times ran an article this morning titled “Is the market Up 29 Percent or Down 40% percent?”. We think this piece is an important read. It briefly discusses benchmakrs but more importantly makes you think about the long tail of market moves and [...]

Just when you thought Wall Street was going to undergo a major transformation and reform, the Obama administration has created an opportunity to profit. It was only a question of time before the investment bankers stood up, shook off the dirt and began to think of the next vehicle for success. [...]

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Are you getting as tired as I am listening to the ‘brains’ on CNBC? Last week they were talking about the return to better times – even some talk of the DOW testing longer term resistance levels. Today, everyone seems to have gotten up on the wrong side of the bed and is looking not for sunny and 80 degrees, but rather a beginning of a protracted cold war.

From time to time it makes sense to step back, see where we have been and then set our sites on where we are going. History is nice but it’s just that.

Well the results are in and go figure the findings are better then expected.

Today we would like to make a short note to investors and our readers:

Remember those conversations from a long time ago about ‘Dow 10,000′. It has been a long while. But I remember them clearly, like it was those profitable days of yesteryear. The markets have come a long way and perhaps they have a long way to go but it is always nice to reflect on where we have been.

We see it all the time, investors shooting for gold by betting the long shot. Seemingly, we all decide if the risk makes sense relative to the reward at some point for our portfolios.

CNBC was kind enough to remind us this morning that 100% of their interviewed guests called the recent rally a ‘Bear Market Rally’, tantamount to a tease or a so called ’sucker’s rally’. Well, April was the single best month for the markets since 1938. Warren Buffet has said that the September Pearl Harbor comparisons are now over.