Happy Monday! So, as I write this, the markets are in the green. Why is that? Considering things are on hold till at least April 30… Green Shoots! First on Friday evening, Abbott Laboratories announced emergency FDA approval of their COVID19 test, that can provide a positive result in 5 minutes! Abbott is able toContinue reading “The Clampdown”
A summary of the markets, relief bill details, tax changes, and green shoots!
Last evening the Senate failed to pass the massive stimulus bill that we have all been waiting on. And I could swear that when I saw this, I thought I was waking up in the fall of 2008 all over again…. Surely the politicians remembered the lessons from 2008 when they failed to pass theContinue reading “It’s Déjà vu All Over Again”
Well the destruction continued this week on Wall St., and simply put, what started out as a health crisis has turned and caused a financial one. Why have the markets been going crazy despite some movement in legislation? Well, it’s the internals of the markets – things like commercial paper, overnight window use, etc.; theContinue reading “You Can’t Start a Fire Without a Spark…”
Sunday the Federal Reserve took the extraordinary measure of cutting the federal funds rate to 0 – .25%. Along with other steps. The markets subsequently sold off as soon as the futures markets opened at 6PM E.S.T. Sunday, as they interpreted the move as a move indicative that things were worse than they were. Normally,Continue reading “What the Fed Just Happened?”
‘Free Fallin’ – I wish I was referencing the Tom Petty & the Heartbreakers song… The market has been an absolute mess for the last couple of days. I liken the feeling that we have been feeling this week to one I used to feel when we would practice emergency breakaways in the AF. TheContinue reading “Free Fallin’”
There are no two ways around it, last week was just flat awful in the markets. However, when I walked into my office the other morning, I found comfort in the most unlikely of things….a set of rubber ducks. As some of you may have seen, I picked up some rubber ducks from the BerkshireContinue reading “What Rubber Ducks Can Teach us about Investing through Market Volatility”
Every February investors wait with anxiousness, like children waiting for Santa Claus, for Mr. Buffett’s annual letter to shareholders of Berkshire Hathaway to be released – myself included. Investors wait with anticipation and like many things, over analyze seemingly every word and punctuation mark to try to sort out clues as to what Mr. BuffettContinue reading “Thoughts on Warren Buffett’s Annual Letter”
Having grown up in the Northeast, snow never really bothered me. As a kid, it came, it went, we were out of school, life was good. Then I got a job working in a grocery store. Needless to say, my viewpoint changed. What used to be: ‘Cool, snow’, changed to a scene from Armageddon asContinue reading “Snow!!!”
Hi and thanks for visiting Financial Recon! This blog has been years in the making and we are excited that we could launch it in conjunction with our new website and more importantly our 10th anniversary! Its hard to believe that 10 years ago, we were living in Maryland, my wife was 7 months pregnantContinue reading “And Away We Go!!!”
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