Bank Stocks: How Much Pain is Enough?

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 […]

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How are you feeling about stocks these days?

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 […]

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The American Borat

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 […]

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