Bloomberg: Dec. 9 (Bloomberg) -- David Stockman, former director of Office of Management and Budget, explains why he believes there is a bubble in the equity market on Bloomberg Television’s “Bloomberg Surveillance.” … [Read more...]
Archives for December 2013
Your Greatest Investment
Paul Ewing Lucky you. I get to speak with successful businessmen on a regular basis. Their greatest investment tends to be in their business not the stock market. It’s never too late to invest in yourself. I speak regularly with Paul Ewing. He could easily be retired and then some, but instead he and friend David Halley, M.D., have created a business around their X10 Therapy knee rehabilitation machine. Last week, Crain’s Detroit Business published an article on it. If you or someone you care about wants to learn the keys to a successful knee replacement then read this article. … [Read more...]
QE: Will the Fed ever Get Enough?
For months now economic data have been moderate. Not a boom-time, but certainly not a recession. So far this week we’ve seen a slew of decent economic reports released. Starting the week on Monday was another jump in the ISM Manufacturing Index, this time to 57.3. That was well above the range analysts polled by Bloomberg predicted. The same day the Markit Economics PMI index also showed strong performance in manufacturing over the last month. Next up on Tuesday motor vehicle sales exceeded expectation, both of domestic vehicle sales and total sales. The low-interest rate joyride continues … [Read more...]
VIDEO: El-Erian: QE trade is getting old
CNBC: PIMCO CEO & co-CIO Mohamed El-Erian shares his market concerns heading into 2014 and why he believes it is time to sell stocks now. … [Read more...]
VIDEO: Marc Faber: No value in stocks
CNBC: Marc Faber, Marc Faber Limited managing director, and The Gloom, Boom & Doom Report publisher, discusses the market's record run and his plans to short stocks. Faber says we are now in a gigantic speculative bubble. … [Read more...]
A Guaranteed Investment
You know there aren't many guaranteed investments out there today. But If you are a participant in a defined contribution plan, such as a 401(k), you may have access to one of my favorites. It's called the company match. The company match is when your employer matches your contribution up to a certain percent. For example, if the company match is 5% and you contribute 5% of your salary, you have a total contribution or savings of 10%. If you save 2% the company matches 2% and your total contribution is only 4%. As you can see you want to meet that company match each and every year. It's hard … [Read more...]