Buffett’s Million Dollar Bet Shows Fees Are Important

Streetwise for Friday, November 10, 2017 I continue to receive questions asking about the efficacy of investing in what are called alternative investments as part of a diversification strategy. Alternative investments are part and parcel of what is called modern portfolio theory. The theory calls for a portfolio to be diversified into different uncorrelated investments.…

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Rudd’s MarketView Monday, November 20, 2017

Summary The major domestic equity indexes were higher on Monday, with Verizon raising the telecom sector after the company received an upgrade, while a deal in semiconductors lifted high-performing tech shares. With no major earnings or economic data scheduled this week, trading volumes were thin and expected to get even quieter leading up to the…

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Rudd’s MarketView Friday, November 17, 2017

Summary Wall Street closed out the week on a negative note on Friday, as the major domestic equity indexes fell modestly due primarily to a possible negative fate for the Republicans’ tax overhaul plan. Investors have been hopeful that a tax bill under debate in Congress will boost corporate earnings and further fuel the stock…

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Rudd’s MarketView Thursday, November 16, 2017

Summary Wall Street’s major domestic equity indexes rose sharply on Thursday, helped out in large part by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first, if smallest, hurdle. Wal-Mart gained as much as 11 percent to a record high of $99.68 after reporting its strongest…

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Rudd’s MarketView Wednesday, November 15, 2017

Summary The major domestic equity indexes closed well into the red on Wednesday as energy sector shares fell for a fourth straight session, tracking crude prices, while a late run-up was thwarted by concerns over the passage of a tax revamp after Republican senators were critical of the proposal. Oil prices fell for a fourth…

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Rudd’s MarketView Tuesday, November 14, 2017

Summary The major domestic equity indexes ended the trading day on Tuesday in the red as General Electric saw its share price decline sharply for a second straight day. At the same time there was also a decline in the crude oil prices, which in turn hit energy stocks. The S&P 500 fell for the…

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Rudd’s MarketView Monday, November 13, 2017

Summary The major domestic equity indexes ended the trading day on Monday in positive territory as a sharp decline in General Electric was more than offset by gains in high dividend-paying sectors including consumer staples and utilities. General Electric slashed its dividend by 50 percent and cut its profit forecast while unveiling a plan that…

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GE – A Monument to Bad Management

Streetwise for Sunday, November 12, 2017 Nothing worthwhile in life comes easy and investment success is no exception. Yes, Wall Street can be a rose garden but only if you avoid the ever-present thorns. One way of doing so is to maintain a firm belief that you invest in a company because, and only because,…

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The Great Debate

Streetwise for Friday, November 10, 2017 As the year moves toward its final month, let me once again try to smooth the feathers of those readers who continue to complain that I never address the issue of technical analysis. The question arises because one of the great investment questions of all time is whether to…

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Rudd’s MarketView Friday, November 10, 2017

Summary The major equity indexes marginally lower or in the case of the NASDAQ, up a hair on Friday, with losses in Intel and Apple as investors worried about the future of promised corporate tax cuts following dueling plans unveiled by Republican lawmakers. Intel fell 1.55 percent and Apple ended the trading day down 0.33…

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