Entries by Bill Schiffman

November 2018 Market Letter

Not so Happy Halloween… all tricks, no treats… As I wrote a couple weeks ago, we’re in the midst of a long-awaited correction in the stock market. October will doubtless end up being the worst month since the tumultuous financial crisis of 2008. All major averages swooned badly, and many portfolios experienced double digit losses. […]

Mid-October Market Letter

This rare mid-month missive will be brief and hopefully to the point. We’re in the midst of a mini-correction that I’ve been predicting would happen for quite some time. The stock market had a brutal week, shedding all gains for 2018. Volume was exceptionally heavy, but orderly. The major averages are now between 6 and […]

Mid-October Market Letter

This rare mid-month missive will be brief and hopefully to the point. We’re in the midst of a mini-correction that I’ve been predicting would happen for quite some time. The stock market had a brutal week, shedding all gains for 2018. Volume was exceptionally heavy, but orderly. The major averages are now between 6 and […]

October 2018 Market Letter

“Believe it or not, I’m walking on air… I never thought I could feel so free… Flying away on a wing and a prayer… Who could it be? Believe it or not, it’s just me…” This is a stanza from the theme song of the 1980’s TV series, The Greatest American Hero. Joey Scarbury became […]

August 2018 Market Letter

This letter will serve as a bit of a departure from most of my missives since I won’t be opining about politics at all. Frankly, there was so much in the way of political news flow this month that I wouldn’t know where to begin or end. Let’s simply suffice it to say that we […]

July 2018 Market Letter

“Oh the times, they are a changing” Bob Dylan wrote this poignant and prescient song in 1964. It predated the tumultuous end of the 60’s decade and the early 70’s, at least through the impeachment of President Nixon. I’ve stated many times in these missives that conditions today in America are eerily similar to fifty […]

June 2018 Market Letter

Apologies for the tardiness of this missive… we’re in the midst of doing some serious integration with W3 systems. We’ve changed our CRM software, which doesn’t mean much to you, but it’s tedious for us. We’re also in the midst of planning and creating a new website which will be a combination of the firms. […]

May 2018 Market Letter

“Should feel happy… should feel glad… I’m alive and it can’t be bad… But back on Planet Earth they shatter the illusion… The world’s going round in a state of confusion…. I’m in a state… state of confusion… it’s a state… state of confusion…” The legendary Ray Davies of the Kinks wrote “State of Confusion” […]

April 2018 Market Letter

“Mourn as a nation, rule as a mob… kill for an insult so slight… the further they plummet, the blinder they are… each one believing they’re right.” “I’m the monster, I exist… On this summit I am lost… On its slopes I’ve seen… The world as she was meant to be seen…” You can interpret […]

March 2018 Market Letter

It’s baaaaaaaack! I guess that it was simply too good to last. January’s market performance was nothing short of perfect. Stocks continued their upward trajectory and the atmosphere for investors was as placid as a serene summer pond. In stark contrast, February had more action than all of 2017 combined. At the heart of it […]