Right Back Where We Started From
As of the close of Wednesday May 19, 2010 our favorite domestic market index, the S&P 500, was oddly perched at a 0.0 % year to date return, Right Back Where we Started From. Do not forget Paul Samuelson’s famous…
John Kvale CFA, CFP
Investment Professional managing a Total Wealth Practice firm in Dallas Texas with clients in 20+ states in the USA and 6 different countries around the world. Avid golfer, marathoner and hopeful ironman competitor. Married with two children.
Why do Capital Markets Move Up and Down?
Most recently the capital markets have taken a breather after a very long, almost unstoppable, run in an upward direction. Have you eve wondered what exactly makes the markets move in one direction or another? The true answer is pretty simple;…
Lunch with Scott Patterson, Author of “The Quants” and An Evening of Ethics Discussions with the SEC
Yesterday I had the opportunity to have lunch with and listen to Scott Patterson, author of “The Quants” in a group setting here in Dallas. While I have not read the book, Scott, who also is a reporter for the Wall…
Markets Have A Big Rebound-Bounce or Real ? – Still Growing about 10%
As we look over the days results, most of the indexes were up very large amounts, smartly moving back from last weeks drama. Interestingly, we just updated our chart from the last Quarterly Newsletter that shows a 10% steady growth (Page…
Market Movement Yesterday Still Under Review, Clarity Begins
Yesterday within a few minutes of the drop in the indexes, I posted a note to explain many of the headlines that I was seeing immediately after the event, asking everyone to hold their horses and “Don’t Bite.” This morning as I…
Dow Down almost 1000 Points — Hold Your Horses !
Just a few minutes ago the Dow Jones Industrial Averages dropped almost 1000 points on what I feel very confident is an error of some type. It is totally unknown at this time, but appears to be related to a Proctor…
Investing Lessons from a 24 Year Options Floor Veteran
Over the last several evenings I have had the opportunity to spend time with a former Options Market Maker and Floor Specialist, who traded on the floor of the Philadelphia options exchange for over 24 years. The purpose of my…
Systematic and Unsystematic Risk-Why Diversification Matters
Systematic risk, Wall Street lingo for market, global, or undiversifiable risk, and its sister, unsystematic risk, or company related, diversifiable risk, have been extremely prevalent in recent weeks. Yesterday, I mentioned the Oil Well situation currently making headlines. British Petroleum (BP) is the company who was contracting the…
A Word on the Oil Well Spill From My Personal Experience
Earlier this spring I had the extremely unique opportunity to tour two land based oil wells in a neighboring Texas state. One well was complete and functioning, and the second was nearing the end of the drilling process. The attached…
Earnings Season (90 Day Treadmill) Going Well
According to Thompson Reuters, as of this morning, over 65% of S &P 500 Companies have reported earnings (90 day treadmill), pushing us over the 1/2 way mark. An astonishing 82% of companies have beat expectations so far this quarter.…