Posts by pwsadmin

Timeless Investment Truths- Part One Tax Professionals

The market is trying to make some small gains for ‘Da boys on Wall Street”. At the end of every quarter, (bonus time for da boys) all stops are pulled out to insure a positive quarter- which puts money in their pockets short term- usually not in yours. Earnings season in the US doesn’t begin…

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Bad Magic and a Slow Moving Train Wreck

The stock market advance since the lows of Feb 11th seems like magic. The market had the worst start to a year ever and suddenly, in the absence of any ‘good’ news, the market turns up? Don’t be fooled, it is not magic, just financial engineering. Corporate stock buybacks are the illusion that cannot last…

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The Fed and the Economy

We begin with a recap of the March Federal Reserve meeting. The Federal Reserve has changed their story at each consecutive meeting- which is their prerogative it is their ‘show’ after all. The market is at their mercy. Last year they said they would raise rates four times, which quickly became not raising at all,…

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It is all about Central Bank announcements

Federal Reserve Chair Janet Yellen had a press conference at 2:30 this afternoon after completion of the March meeting. This blog is being posted prior to the announcement as our firm will be attending an industry event this evening. Many expect no rate change today, but a few professionals think the Fed could surprise the…

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Are you getting Dizzy?

MCS has not changed our outlook- the broad U.S. stock markets are in a topping process and will make a series of lower lows as time goes on. A short history lesson of recent meltdowns may be in order: In 2007 to 2009 from the high in Oct of 2007 to the low in March…

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