A number of our clients called last week to ask if we would buy Alibaba (BABA) stock for their accounts. We told them, "No, we'll have plenty of time to buy Alibaba in the years to come, but meanwhile, to purchase the Initial Public Offering (IPO) is too risky."
Read MoreUS stocks as defined by the S&P 500 made 31 record highs in 2014, most recently on July 24th. Through Friday afternoon, stocks declined 3.3%, which is to say less than the decline of 4.2% we saw in April of this year, and decline of 5.6% in January.
Read MoreSurprisingly steady! How can we say that? Because compared to the price swings of the last six years, the recent 3.9% decline in US Stocks (from a record set April 2) barely registers relative to the powerful uptrend since mid 2011.
Read MoreUS stocks as measured by the S&P 500 delivered a phenomenal 32.4% return in 2013. That was the 6th best year for US stocks since 1940. In January, US stocks fell 3.5%.
Read MoreThe US Senate passed H.R. 2775 - Continuing Appropriation Act, 2014 Wednesday afternoon 81 votes to 18.
Read MoreWhenever our financial markets commentary strays into the realm of politics, we're guaranteed to offend at least half of our clients and readers.
Read MoreThe US Stock Market as defined by the Dow Industrials and S&P 500 achieved record closes Thursday afternoon. European stocks markets are at 5 year highs, and emerging markets such as Shanghai and Bombay have rebounded 10% from the summer's lows
Read MoreUS stocks peaked at a record high on May 21st, 2013, gaining 18% YTD. Our forecast for the whole year was 8%, so either we were grossly wrong or the markets got ahead of themselves.
Read MoreAt about 2:45 PM EST, two explosions detonated within yards of the finish line of the Boston Marathon. The news is not official, but from the nature of the explosions and the coincidence of the proximity to the Marathon, it would seem probable that these were bombs.
Read MoreWe are happy to say that Heron Financial Group | Wealth Advisors was not adversely affected by Hurricane Sandy. We are physically located on Manhattan Island in New York City, but not in low lying areas including all of South Manhattan.
Read MoreUS stocks surge to the highest levels of 2012, just 7.1% below the October 2007 record high. The S&P 500 closed earlier today at the high for 2012, up 18.0%, handily exceeding our 2012 forecast of 12% gains.
Read MoreWe have the pleasure of spending quite a bit of time among the "1 percenters" - American families whose annual income exceeds $500K. Our favorite cocktail party question this summer is: "Given everything you've heard recently, do you think the stock market is up or down this year?"
Read MoreSo far, a strange year where US stocks have surged or fallen violently daily for reasons having nothing to do with fundamentals in the US and everything to do with the daily pronouncement out of CNBC of whether the "risk trade is off or on." Luckily, we pay no attention to CNBC whatsoever.
Read MoreOn April 6th, just after US stocks touched a high for the year and climbed to within 10% of the all-time high set back in October 2007, we wrote: "The market will do one of three things over the rest of the year:
Read MoreUS stocks traded in a narrow range for the month of April, closing with a loss of 0.63% in the S&P 500. Earnings and revenue growth were moderate but positive for Q1 2012, and are expected to accelerate as the year progresses.
Read More