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March 31,2008 Market Commentary and Outlook
History doesn’t repeat itself, but it does rhyme.

During the 4^th Quarter of 2007, there were discussions about the odds a recession would ensue. Then after the start of 2008, many began wondering if we were already in a recession. Some argued we were only in a “mild slowdown of economic activity” and we should not even speak of a recession until the economy had two successive quarters of negative growth (a widely accepted definition of a recession). Isn’t that like saying, “Don’t worry about skating on thin ice until you break through”? More >

December 31, 2007 Market Commentary and Outlook
Crisi-tunity Knocks

Few will argue that the U.S. economy is in crisis: falling home values, higher unemployment, low consumer confidence, huge losses attributable to sub-prime lending practices, rising oil prices and a falling dollar. More >