Remember that the more you lean out, the more you tweet and seek and stretch to find another like you, there is a very deserving beautiful creature waiting and calling for your friendship too, and that creature is you.
Is it likely that the Dow Jones Industrial Average is flirting with five-year highs right before we are about to go into recession? The answer is obviously no, but there is another factor that has been introduced into the equation.
Governor Christie is the essential salesman for the bond issue. Taking credit for putting on the ballot doesn't count if it doesn't pass. The bond issue is the governor's to lose, and New Jersey can't afford for that to happen.
The Dow hit a level not seen since December 2007. The questions many are asking are: Why in the world are stocks going up? Doesn't the market realize we're facing an election year, an upcoming fiscal cliff, and unrest in the Middle East?
We continue to believe that investors are underestimating the risks inherent to the bond market at this stage in the game. Bond investors are not being compensated for the risks they are assuming when they are not even able to earn the expected rate of inflation.
Many articles on the subject of money talk about different ways to invest the money. Few of the pieces, however, address the key issue underlying any allocation which may be keeping investors up at night.