The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

Here Comes Santa Claus…???

12/25/2009

Today, on Christmas Eve, the market set a new high for the year. That is always good news, even if it is still down 25% from its high two years ago. Often called a “Santa Claus Rally” (SCR), the market is usually good this time of year and extends through the first two trading days … Continue reading Here Comes Santa Claus…???

Golden Vices???

12/16/2009

For many years, I managed the portfolio for a wonderful gentleman in Williamsburg, who died a few years ago at the age 99. He was a great guy, and I miss him. Coincidently, his son-in-law was Morgan Stanley’s legendary investment strategist, Barton Biggs, whom I have followed closely over the years and have read both … Continue reading Golden Vices???

Farewell to Arms…………

12/15/2009

Long-time readers know that I have proudly served for many years on the certification committee of a prestigious national investment association. For a number of reasons, we recently began making the examination process more difficult, which was fine. But, we became increasingly technical, finding a formula for every question. I recall Warren Buffett saying “Don’t … Continue reading Farewell to Arms…………

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