(Originally published to Seeking Alpha) The hyper stimulated “reopen” trade is feeding narratives that are simply wrong. Traders looking to find greater fools are spinning tales from soundbites, tweets and out of context data into today’s echo chamber half truths. Here is a truth to know and understand: there is no organic economic […]Read More
Articles by: Kirk Spano
Each year I write my “futile forecasts” for the coming year. The idea behind “futile” is that most forecasting gets looked at the wrong way. It’s not about getting some number right at the end of the year. Forecasting is a series of adjustments to scenarios that you are keeping […]Read More
REITs are favorites among dividend investors. But there is a fallacy that real estate as an asset class outperforms stocks in general. That is not true. Over the past 5 years, inclusive of dividends, these are the returns for the Invesco QQQ ETF (QQQ) representing the Nasdaq 100, the SPDR […]Read More
The “dark” philosopher Heraclitus of Ephesus said that, “the only thing that is constant is change.” In today’s world, change is so constant, and seemingly accelerating, that many people are befuddled because they feel the world is passing them by. This feeling of being passed by, which drives frustration and anger, is nothing new though. Thousands of years ago, people had the same feelings. If change has always caused frustration and anger, has anything really changed?Read More
The saying “sell in May and go away” might have a more true meaning this year than most. Global risks to the economy and markets are rising at a rate I have not seen since 2006-07.Read More
Happy New Year! For me I am glad to see 2015 go. I had a heart injury, a house fire and have been early on several stock picks. Such is life. I survived, nobody got hurt in the fire, I’m back in my house and early doesn’t usually mean wrong if you are patient.
This is very important reading in my opinion, so please get a beverage and hunker down for a half hour. At least one topic I’m going to cover could spawn a book, but I will keep it as short as possible.Read More