Third Quarter Letter Market Comments There is an old saying that the definition of insanity is doing the same thing over and over again and expecting different results.  Evidently, the... read more →

Many market strategists and traders began the year accepting the premise that the United States was experiencing a self-sustaining recovery. Nearly every economic release was interpreted with a positive tilt.... read more →

The S&P 500 finished the first quarter with its biggest gain since 1998, up 12%.  Technology stocks rose 21.1% with financials up 21.5%, leading all sectors.  Apple, the world’s largest... read more →

The recent S&P downgrade of U.S. debt, coupled with the increasingly problematic sovereign debt situation in Europe, has brought about broad-based equity selling as investors seeks safe-havens such as gold... read more →