The number of new home foreclosures for the month of September was announced October 23rd. There were 265,968 new foreclosures according to RealtyTrac. This was a 21% increase from September, 2007 but a 12% decline from August. However, according to RealtyTrac, much of the decline from August to September can be attributed to new state…
Mindy Corporon, CEO, attended IMPACT, Schwab Institutional’s annual conference in Atlanta, GA on September 23 - 26, 2008. IMPACT, Schwab Institutional’s annual conference held exclusively for independent investment advisors, is the industry’s premier event. World-class keynote speakers: Ted Turner, Lou Dobbs, David McCullough, Madeline Albright and Liz Ann Sonders, Chief Investment Strategist for Charles Schwab & Co. Educational…
September was possibly the most interesting month in my 27+career in the investment industry. September 3rd – Ospraie Fund, a $4 billion hedge fund closes after losing 38% in 2008 on bad bets in copper and natural gas. Lehman Brothers owned a 20% stake in the Ospraie Fund. September 7th – the U.S. Government placed…
We have been so dour lately (actually this entire calendar year) that some of you may have ceased reading our monthly Investment Commentary. We are confident that the day will come when we will write glowingly optimistic summaries of the global economic conditions and just as optimistic predictions of the future performance of securities markets…..but…
We have had a lot of people ask us what will happen to the stock market and other investments if Obama is elected or if McCain is elected. First of all, we think any sitting president gets way too much credit if the economy is good and way too much blame if the economy is…
