17 Aug
August 17, 2015

Since the depths of the financial crisis in 2009, stocks are up 245% (as of 6/30/15). As the bull market continues in its sixth year, many investors wonder if another bear market is forthcoming. As always, our answer is, “Of course; we just don’t know when!”

Although it would be helpful to have a crystal ball to foresee when the next bear market will occur, both evidence and experience suggest that events that move the markets are notable precisely because of

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17 Aug
August 17, 2015

While we enjoy the lazy days of summer, activity in Congress and the White House will ramp up due to a number of looming deadlines this fall. We have little control over the outcome of the upcoming legislative agenda that consists of spending cuts, the debt ceiling, and budget debates. The result could be higher market volatility or tax changes coming our way. This game of politics will involve many players who will take us on unpredictable twists and turns.

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17 Aug
August 17, 2015

With the boom in the number of mutual funds, ETFs, and other investment vehicles such as hedge funds over the past 20 years, there has been no shortage of places to put your money as an investor in the United States. However, you may find it surprising that the number of U.S. stocks actually peaked around 1996.

A new working paper from the National Bureau of Economic Research, “The U.S. Listing Gap” by Doidge, Karolyi, and Stulz, found that the number

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12 Aug
August 12, 2015

U.S. stocks continued to grind higher in the first half of the year as market participants balanced a mix of economic news. First-quarter real GDP growth disappointed again showing a contraction of -0.2%. However, a recent study by the Federal Reserve shows that seasonal calculations in the data often cause the first quarter to be downwardly biased. Real GDP growth was up 2.9% from the same period a year ago which is more in line with historical averages. The

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21 May
May 21, 2014

My last posting discussed the types of financial firms offering investment advice and the types of registration for the advisors they employ. Continuing this theme, today we provide clarity on the qualifications of financial advisors. In particular, we shed some light on the indecipherable collection of initials advisors put after their names.

Financial Advisor Qualifications
According to the Wall Street Journal, there are at least 210 different “professional designations” for financial advisors. The sheer number is bound to cause confusion. What do

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