“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 >
June 2019 and YTD Commentary and Investment Returns
“The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher Where are we, at the end of June 2019? Last month I talked about May’s decline being a normal pullback in the ongoing bull market, as the averages lost over 6%. In June, that Continue Reading >
May 2019 Account Performance and Commentary
“[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 >
April 2019 Account Performance and Commentary
“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 >
March 2019 and Q1 2019 Commentary and Investment Returns
Whenever I see a stock market explode, six to 12 months later you are in a full blown recovery…. Stanley Druckenmiller Where are we, at the end of March and end of Q1 2019? The first quarter of 2019 has been one of the highest returning quarters in stock market history. The various indexes rose Continue Reading >
February 2019 Commentary and Investment Returns
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 >
January 2019 Commentary and Investment Returns
“Be fearful when others are greedy. Be greedy when others are fearful” – Warren Buffett. Where are we, at the end of January 2019? Since December 24, the stock market has had an explosive, almost historic, move back up, regaining a little over half of what it lost in the precipitous decline that started in Continue Reading >
December 2018 Year End Commentary and Investment Returns
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 >
October 2018 Commentary and Investment Returns
“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 >
September 2018 and YTD Commentary and Investment Returns
“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years”. Warren Buffett Where are we, at the end of September and YTD? Sorry for the somewhat late date sending this out. I wanted to Continue Reading >
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