I love the ‘Lowering of Expectations Season’ which precedes the release of corporate earnings. It gives those of us who are bullish the ability to use market needed drawdowns – such as the 4% pullback we experienced – as a way to add to profitable positions and shake out the weak longs. For the last [...]
From the time Christianity was introduced to the people living in the region known to historians as Armenia by the apostles Bartholomew and Thaddeus in the 1st century up until 1915, Christian Armenians built and worshipped in churches all throughout present day Turkey. Armenia was the first Christian nation adopting the religion in 301 AD. [...]
Remember when paying ones taxes was seen as a civic duty by society? It was looked upon as the necessary evil in order to maintain the American way of life, at least that’s what I was taught to believe. I was brainwashed into thinking that the role of government was to do what the people [...]
Cheney: The Genius of Our Society Is Our Economy October 4, 2011 This morning I had the great honor to speak with former Vice President Dick Cheney about his life in politics, which also happens to be the subject of his new book, “In My Time: A Personal and Political Memoir.” To hear more from [...]
Obama’s Latest Target: Unemployed Americans October 4, 2011 Last month, my fellow Chicagoan sent to Congress his latest misguided plan to bolster the U.S. economy. In his speech announcing the American Jobs Act, the president declared, without equivocation, that the bill was all or nothing. “No games. No politics. No delays,” he said, adding that [...]
In the decades that followed World War II, Keynesian theory was the widely accepted economic tenet of the day. As such, it was believed that recession and inflation could not occur simultaneously—it simply didn’t make sense. But in the 1970s, during the dark days of Jimmy Carter, economic growth stalled and inflation skyrocketed. The world [...]
Part 1: My World on 9/11 September 13, 2011 The following is an excerpt from “Secrets of the Trading Pros: Techniques & Tips that Pros Use to Beat the Markets”by Jack Bouroudjian. The events of September 11, 2001, will be written about for years to come. But rather than spend time writing about the [...]
Young Republican Redux September 12, 2011 Back in November 2008, my son participated in his first presidential election. He was 18 at the time, a senior in high school and still in the process of figuring out the world. He pulled the lever for Barack Obama. “I’m sorry, Dad,” he said to me as [...]
“When Pilate saw that he could prevail nothing, but that rather a tumult was made, he took water, and washed his hands before the multitude, saying, ‘I am innocent of the blood of this just person: see ye to it.’” (Matthew 27:24) On August 9, the Federal Open Market Committeeand its chairman, Ben Bernanke, released [...]
Last Monday, during his company’s quarterly earnings conference call, Steve Wynn, CEO of Wynn Resorts, said what a lot of people in the business community have been thinking for the last two-plus years. “I’m afraid to do anything in the current political environment in the United States,” he said. “Those of us who have business [...]