03/24/2020

Good Evening, This market is exactly like a roller coaster. It twists and turns and goes upside down at a high rate of speed! All the stimulus and high speed computer trading are giving the word volatility a new meaning. Today the market had it’s best day since 1933. Wow, that’s 87 years! That’s some kind of bounce. It traded higher on sentiment that a massive stimulus bill will soon clear congress. It actually got started when President Trump talked ...

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03/17/2020

Good Evening, First of all let me say that I am praying that you all are well. I know these are unprecedented times. Well another day… some more stimulus. Today the White House proposed sending every American tax payer a $1000.00 check to help them get through the corona virus shutdown. They also proposed delaying taxes for 90 days. All that amounts to about three trillion with a T in stimulus. Also, the Federal Reserve said it would create a  special ...

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Pandemic

Good Evening, Folks if you ever want to gain anything in this business you must understand one principle and that is that it’s not what you make that’s important it’s what you keep! Corrections and bear markets are normal and in most cases are healthy occurrences. You plan for them and you mange them. Current investors much like investors during the dot com bubble in the 90’s have been spoiled by a market that pretty well has moved straight up for ...

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03/10/2020

Good Evening, Wow, just like old times. We get a presidential tweet and the market moves. This morning President Trump tweeted that his administration would recommend a fiscal stimulation plan to counteract the effect of the corona virus. Specifically, he mentioned two things. He said they would propose a payroll tax cut to help working class Americans and further tax help for those in the hardest hit industries such as travel. Of course, any stimulus plan must be approved by ...

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03/03/2020

Good Evening, How many of you wished you were in the market yesterday? Now, how many wished they were in today? Folks that’s what volatility looks like when the volatility index ($VIX) is sitting at 36.82. You should expect big swings and a lot of negative action. So lets break it down. Yesterday market players decided that the Corona Virus sell off was over done with all the major indices in correction territory after only a week. I might add ...

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*****Interfund Transfer******

Good Evening, It’s time to adjust our allocation. The new allocation is 100/G. Please remember that this is the percentage of money that we have invested in each fund, not the money that is taken from your check and deposited into thrift. That deposit should always be 100% G Fund. That automatically protects your deposit in the event that it is made on a bad day for the market. The funds that ...
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02/25/2020

Good Evening, I’ll get right to the point. I have poured over the charts and some of my most trusted indicators say sell. In addition, the chart for the C Fund generated a new sell signal today. So I will be selling everything and putting it in cash. I was in long term corporate bonds on the street and got hit hard there as well. I’ll be honest with you. I have invested in corporate bonds a lot on the ...

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02/18/2020

Good Evening, In recent blogs we discussed how the Corona Virus might truly effect the market. We talked about the fact that it would have to directly affect economic indicators and/or corporate reports. We also mentioned a few isolated incidents such as Under Armor (UA) and Nike (NKE) and how they up to now have had no real effect on the market. Well today mighty Apple (AAPL) lowered their quarterly guidance based on the fact that their supply line had ...

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02/14/2020

Good Evening, Well we had a successful week despite the corona virus. It slowed things down a bit today but the S&P 500 still closed the week out with a nice gain. China is the #2 economy in the world and there is no doubt that economic growth there will slow down the most that it has done since the great recession. The coronavirus, now called Covid-19, has taken 1,380 lives and infected 63,851 people, according to Chinese authorities. In a ...

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02/11/2020

Good Evening, Market players decided they weren’t going to worry about the corona virus today after a statement by China’s minister of health that the virus would be significantly better by April. I expect there will be another bout of selling or two on this subject, but today’s news was positive and left us to focus on earnings and economics. We talked about this in a recent blog. The economy and corporate earnings are what determine where the market is ...

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