Entries by spowell

016 4th qtr-year end Kildare Asset Mgt-Kerr Financial Group client review letter

Vladimir Lenin, founder of the Russian Communist party, said, “There are decades where nothing happens; and there are weeks when decades happen”[i].  There were a lot of weeks in 2016 where decades happened.  The year contained a number of historic events that changed the direction of societies, political systems and economic structures.  While a lot […]

Who’s Afraid of the Big Bad Wolf?

The stock market has been on a historic run since the election. A steady series of record highs in spite of a landscape of protests, name calling, and divisiveness. Given the elevated level of widespread acrimony, one would logically expect stocks to be broadly lower instead of at all-time highs. Nevertheless, there hasn’t been a […]

Beware the Ides of March

The Trump presidency and the stock market are two perplexing affairs. Given their developments during the past few months, they would be fascinating on their own. Stocks reversed direction the day after the election and have rallied strongly as the Dow surpassed 20,000 and then 21,000. On the other side, the new administration has had […]

Republicans and Russians and Bulls…. Oh My

Donald Trump was sworn in as the 45th President of the United States on Friday.  The inauguration was as anticipated including all of the tradition and pomp.  The oath of office, the speeches, parades, balls and celebration, all were done as expected.  Looking forward, it may be a while before we get this degree of […]

Brother, can you spare a dime?[i]

Actually, can you spare 4 dimes?  Last Friday the Dow Jones Industrial Average came within less than one half of one point ($0.37 to be exact) of 20,000.  Throughout the afternoon there were several attempts to get to that level but the bears defeated each try.  Perhaps they should have passed the hat among the […]

“Those who have knowledge, don’t predict. Those who predict, don’t have knowledge. “i

In this season of traditions, resolutions and predictions for the New Year are especially popular ones.  But for anyone making (or reading) 2017 forecasts, we have a question – don’t you remember 2016?  Brexit?  Trump?  The Cubs?  It was the year that made virtually every professional prognosticator look pathetic.  Having lived through 2016, how can […]