And Now The Hangover…
In a Matter of Days, the Reddit gains are Gone By Jon Aldrich It sure was one heck of a party while it lasted, but like any big bash where you had the time of your life, you have to “Pay the Fiddler” in the morning. So it seems to be with the investors (if…
Read MoreParty Like It’s 1999!
Bubbles like GameStop have Happened Before and Will Again By Jon Aldrich By now, I am sure you have been made aware of all the commotion surrounding a company called GameStop (GME) and the crazy behavior of its stock the last couple of weeks and similar behavior in a handful of other “troubled” stocks such…
Read MoreBINGO!
2020 is Proving to be a Banner Year for Apocalypse Bingo By Jon Aldrich For most of us, 2020 is going to be a year that none of us will soon forget. It just seems like one awful thing after another just keeps occurring in a year that we’ll all be happy to put behind…
Read MoreElections Have Consequences
How do Stock Markets Perform Depending on Who is in Charge? By Jon Aldrich Many of us watched the raging dumpster fire that passed for a Presidential Debate on Tuesday night. But, then again, hasn’t this whole year of 2020 been a dumpster fire? Maybe a wrestling match between the two would have been better!…
Read MoreRemember When Savings Accounts Used to Pay Interest?
A Look at the Puny Yields on Savings & Money Market Accounts These Days By Jon Aldrich Low interest rates have been around for quite a while, ever since the Financial Crisis of 2008 when rates were lowered to combat the Great Recession. I guess we have got accustomed to getting nil on “safe” money…
Read MoreNot Out of the Woods Yet
Markets have settled down for the most part, but is it just temporary? By Jon Aldrich Even though we are still in the throes of the COVID-19 pandemic, due to the quick actions of Jerome Powell and the Federal Reserve and fiscal programs such as the CARES Act and the Payroll Protection Program (PPP) provision…
Read MoreDid the Inverted Yield Curve Predict the Pandemic?
Last Year’s Yield Curve Inversion Proves Surprisingly True By Jon Aldrich Do you recall all the hubbub in the media and in print about the Yield Curve Inverting last year and that a recession was probably just around the corner? At the time the stock market was rolling, the housing market was booming and unemployment…
Read MoreHarking Back to the ‘Good Ole Days’
By Jon Aldrich Do you long as I do for the ‘Good Ole Days’? You know, back when life was far simpler, less complicated and not as dangerous as it is today. Back when you could have dinner at your favorite restaurant with a bunch of friends, go see a movie at the theater, catch…
Read MoreRough Seas Likely to Continue
Things are likely to be uneasy for a while, but we probably do not have to worry about another “Great Depression”. By Jon Aldrich We just ended one of the worst quarters in history for the markets (you knew that when you looked at your most recent brokerage or 401k statements). Stock markets dropped 30%…
Read MoreSomewhat Succinct Summary of the CARES Act. Part II
Part II – Effects on Retirement Accounts and Taxes By Jon Aldrich As promised in the first installment of the Somewhat Succinct Summary of the CARES Act, here is the sequel you have all been waiting for. But first, I mentioned in my last article, the unprecedented jump in initial unemployment claims last week to…
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