February 17, 2017 By Steve Blumenthal “Perhaps the biggest risk facing investors this year and beyond is whether bond yields will suffer a sustained rise. We are increasingly worried that the bond market is undergoing a secular pivot from bullish to bearish, and that investors are facing an [...]Read More >

February 10, 2017 By Steve Blumenthal “President Trump may be able to temporarily hold off the sweep of automation and globalization by cajoling companies to keep jobs at home, but bolstering inefficient and uncompetitive enterprises is likely to only temporarily stave off market forces,” he [...]Read More >

February 3, 2017 By Steve Blumenthal “There’s only one reason a share goes to a bargain price: Because other people are selling. There is no other reason. To get a bargain price, you’ve got to look for where the public is most frightened and pessimistic.” “Looking for a good investment is [...]Read More >

January 27, 2017 By Steve Blumenthal “We tend to hang onto our views too long simply because we spent time and effort coming up with those views in the first place. This leads to confirmation bias and an anchoring to strongly held beliefs even if the evidence fails to support them anymore.” - [...]Read More >

January 20, 2017 By Steve Blumenthal “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” Jimmy Dean, American Country Music Singer Today Donald J. Trump was sworn in as the 45th President of the United States.  President Trump steps to center [...]Read More >

January 13, 2017 By Steve Blumenthal “Don't be afraid of change for it is the catalyst of opportunity.” – Unknown We want it short, we want it easy to understand and we want it right.  Here’s my best guess: U.S. stocks will remain in an uptrend fueled by a strong dollar Tax cuts, [...]Read More >

January 6, 2017 By Steve Blumenthal “Promise yourself to be so strong that nothing can disturb your peace of mind.  Look at the sunny side of everything and make your optimism come true. Think only of the best, work only for the best, and expect only the best.  Forget the mistakes of the past [...]Read More >

December 30, 2016 By Steve Blumenthal “The Federal Reserve is not currently forecasting a recession.” - Ben Bernanke (2008) I mentioned last week there would be no OMR this week.  Well, against my wife Susan’s best advice (to take the week off), following is a short post I hope you find [...]Read More >

December 23, 2016 By Steve Blumenthal “Stay wary, alert and very, very nimble.” – Art Cashin Managing Director, UBS Financial Services I read Art’s letter almost every day and, boy, do I enjoy his wit, his compassion and his brains.  In the spirit of Christmas, his post this morning was [...]Read More >

December 16, 2016 By Steve Blumenthal “Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures.  It’s liquidity that moves markets.” - [...]Read More >

December 9, 2016 By Steve Blumenthal “If you're not getting better, you're getting worse.” - Walter Bahr PSU Coach Walter Bahr (right) In June 1950, Walter Bahr, a 23-year-old junior high school physical education teacher from Philadelphia, led the United States soccer team to a 1-0 victory [...]Read More >

December 2, 2016 By Steve Blumenthal “There are three things we should all do every day: Number one is laugh (you should laugh every day), number two is think (you should spend some time in thought) and number three is you should have your emotions moved to tears (tears could be for [...]Read More >

November 18, 2016 By Steve Blumenthal “To be clear, we are more non-ideological and practical/mechanical because to us economies and markets work like machines and our job is simply to understand how the levers will be moved and what outcome the moving of them is likely to produce.” — Ray [...]Read More >

November 11, 2016 By Steve Blumenthal This is the end, beautiful friend This is the end, my only friend, the end Of our elaborate plans, the end Of everything that stands, the end No safety or surprise, the end I'll never look into your eyes, again — The Doors, “End of the Night" To many, [...]Read More >

November 4, 2016 By Steve Blumenthal "Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt." "I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you [...]Read More >