July 7, 2023 By Steve Blumenthal "The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions." "Patience and discipline can make you look foolishly out of touch until they make you look prudent and even [...]Read More >

  June 30, 2023 By Steve Blumenthal "Most people get interested when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." Warren Buffett I hope you, like me, are looking forward to a long holiday weekend. The following [...]Read More >

  June 23, 2023 By Steve Blumenthal Grab your coffee and find your favorite chair. Today's post is short and serves as an interesting follow-up to last week's “The Skip, The Size, And The Ten." Just seven stocks now make up more than 100% of the year-to-date gain in the S&P 500 [...]Read More >

  June 16, 2023 By Steve Blumenthal "Price and value aren't always the same: Don't pay too much." "Price is what you pay. Value is what you get."  -Warren Buffett After ten consecutive Fed rate hikes, Fed Chairman Powell decided to "skip" another increase this week but announced [...]Read More >

  June 9, 2023 By Steve Blumenthal “We only know by hindsight when the recession started, but there is an indicator you can watch that gives you some indication when the start of the recession is here, without knowing for sure, and that is when the inverted yield curve begins to [...]Read More >

  June 2, 2023 By Steve Blumenthal “Peace. It does not mean to be in a place where there is no noise, trouble or hard work. It means to be in the midst of those things and still be calm in your heart.” -Unknown   In John Mauldin’s newsletter last week, he shared a [...]Read More >

  May 26, 2023 By Steve Blumenthal “I am somebody who has been very fortunate to have had the opportunity to test my limits. And I would remind you philosophically that my definition of a fool is somebody who has reached his limits. Almost by definition, whatever goals you set, you [...]Read More >

  May 19, 2023 By Steve Blumenthal “Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb...Persistence and determination alone are [...]Read More >

  May 12, 2023 By Steve Blumenthal "If we get into a hard landing, are we finally going to allow creative destruction and Capitalism to do it’s thing? I think if we do, we’ll have a chance and what’s made America great for 200 years could possibly revive." - Stanley Druckenmiller, [...]Read More >

  May 5, 2023 By Steve Blumenthal "The five big forces that have driven and are driving just about everything: 1) the credit/debt/market/economic cycle, 2) the internal peace/conflict cycle that shapes the domestic order, 3) the external peace/conflict cycle that shapes the [...]Read More >

  April 28, 2023 By Steve Blumenthal "It's always about the Fed. It's always been about the Fed. It will always be about the Fed. Don't fight the Fed." "It's liquidity that moves markets..." - Stan Druckenmiller US stocks rallied yesterday after a strong round of corporate [...]Read More >

  April 21, 2023 By Steve Blumenthal "Forget about it." - Donnie Brasco, (1997) Donnie Brasco is a 1997 crime drama directed by Mike Newell starring Johnny Depp and Al Pacino. The film is based on the true story of an FBI agent named Joe Pistone (played by Depp), who goes [...]Read More >

  April 14, 2023 By Steve Blumenthal "Would I say there will never, ever be another financial crisis? You know, probably that would be going too far, but I do think we're much safer, and I hope that it will not be in our lifetimes, and I don't believe it will be." - Janet Yellen on [...]Read More >

  April 7, 2023 By Steve Blumenthal “If you took our top fifteen decisions out, we'd have a pretty average record. It wasn't hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor." - Charlie [...]Read More >

  March 31, 2023 By Steve Blumenthal “Quantitative easing ‘worked’ by flooding the economy with so much zero-interest base money that investors lost their minds, driving even long-term interest rates to record-low levels, and driving our most reliable stock market valuation measures [...]Read More >