The question of the day for investors is when will bank stocks stop falling? Notice we said “when,” not “if.” Banks generally have a fundamental earnings base: they have a base of deposits, on which they must pay interest, and a base of loans and securities, on which they collect interest. The market works such …
To those of you who weren’t aware that the market has dropped 6% in the last month, we salute you! More than likely, you are doing exactly what you’re supposed to be doing: not worrying. The Monarchians aren’t worrying either. It’s not that we don’t care about losing money, but we feel safer about our …
As some of you may know, I just returned from Kazakhstan, where we adopted our new daughter. Her name is Magdalena (Maggie for short), she is 10 months old, and is one awesome girl. We had a very blessed (and very long—6 weeks) trip—not in the sense that life was easy or comfortable, but it …
