The S&P 500 is at an all-time high. It's up almost 8.5 percent since it closed April 30. I wonder how many investors achieved anything close to that increase in value in their personal holdings.
Here are some lessons you can learn from these recent events.
The sharp drop in new home sales, weak spending in July, and negative guidance from retailers suggest to us that the recent rise in borrowing costs and energy prices may be starting to take a toll. Will the Fed take this data into consideration?
No longer is financial performance the only metric by which a company is to be measured. Relevant in the mix of information when making an investment decision is the extent to which a company exhibits social responsibility.
They regale us with their views, not just on what is happening in the market, but what is likely to happen. The stock picks of the fund managers have the same possibility of being correct as calling a coin flip. Their real agenda is to convince you to invest your money with them.
The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.