An economist walks into a pizzeria to order a pizza. The waiter asks: “Should I cut it into 4 pieces or 6 pieces?” The economist replies: “I’m feeling hungry right now. You’d better cut it into 6 pieces.” – unknown Where are we, at the end of August 2019? The above is an old joke  Continue Reading >

“The market may be bad, but I slept like a baby last night. I woke up every hour and cried.” – unknown Where are we, at the end of July 2019? The markets did fine in July and actually the S&P 500 was up approximately 18.9% for the year as of 7/31. Such a fast  Continue Reading >

“[Our] Senior Analyst […] looked at pullbacks of 10% or more dating back to 1940…[and could find no instances] of pullbacks of over 10% occurring within 9 months of each other……” – Lowry’s Institutional Market Trend Analysis, May 31, 2019 Where are we, at the end of May 2019? Aside from the above quote (predicting  Continue Reading >

“Don’t kid yourself about what this sell-off is really about. It is about a recession.” – Jim Cramer, January 2016, CNBC2016 S&P 500 total return: +12.25% Where are we, at the end of April 2019? The above quote illustrates, of course, that you can’t be TOO impressed by anyone’s prediction, even a well-known television personality  Continue Reading >

Question to Warren Buffet: Your investment thesis is so simple, why doesn’t everyone just copy you? Buffet answer: “Because nobody wants to get rich slow” – anecdotal… Where are we, at the end of February 2019? As of the end of February the stock market is within about 5% of its high in September. Think  Continue Reading >

Although the bear market narrative is popular according to some market pundits, our analysis based on a 93 year history of bull and bear markets suggests otherwise…..Over the [past …] weeks there have been encouraging signs of a sustainable market low.  Lowry’s Institutional Market Trend Analysis  Where are We, at the End of Q4 2018  Continue Reading >

“Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market”. Ron Chernow  “The stock market takes an escalator up and an elevator down”. Old cliché  Where are we, at the end of October?  Continue Reading >