Reasons the Bull Market will likely end in May 2016

1.Valuations are stretched on easy money. Barring some unforeseen geopolitical shock, the Fed will likely have hiked rates 2-4 times by mid 2016 in their efforts to bring monetary policy back in line…


A New Approach to Bonds

Bond funds tend to hold their value—unless rates are rising. Is it time to dump yours? A look at the pros and cons, as well as alternatives that include market-neutral funds, laddering, and munis.…


Portfolio Holdings 7/10/15

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Utility Stocks Are Undervalued

Utilities have fallen sharply on fears of rising rates. If the Fed moves slowly, the stocks could rebound. Also, a backlash against buybacks. Source: Utility Stocks Are Undervalued I would not be a…


Bullish and bearish divergence pre Greek Drama

I believe most technical analysis is dubious.  I heard a saying on Fast Money, the other day, that the ships at the bottom of the sea are full of  charts.  None the less, I do believe divergence to…


Portfolio Holdings 6/26/15

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Dupont, an interesting beaten down blue chip

We recently purchased Dupont, sub $70, as stock is flirting at the lowest level all year.  The sell off is ironic because it was due to activist Nelson Peltz's failed board seat proxy.  Peltz…


The Best Annuities - Barron's

By KAREN HUBEJune 20, 2015Fixed-income annuities have never paid out so little, and yet had so much appeal. These annuities, which provide a lifetime of guaranteed income, are paying out 12% less, on…


1st Quarter 2015 Partner Letter

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Portfolio Holdings 6/15/15

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