Old Age

It’s been 3 years since US equities have corrected more than 10%. But there’s no law about how long rallies can last without a correction.

In any event, as diversified, well-positioned investors (as, of course, we believe we are), does it really matter if stocks fall 10%? or 20%? If it does matter, you probably have the wrong portfolio. For the rest of us, volatility really does equal opportunity.

• 4 Mar, 2016

  In A Hole

  Two months ago, I offered some hope that drop we saw on the first day of 2016 was a good omen for the rest of the month ...

• 23 Jun, 2015

  Beginning's End

  In November 1942, with the Battle for Egypt under way, Winston Churchill addressed his nation with these words:Now this ...

• 14 Nov, 2014

  Selected Fun Facts

  Some fun facts about this year (courtesy Michael Hartnett of Merrill Lynch):US equities (+14%) are ahead of European ...