by Michael Lecours | Dec 30, 2013 | Economy
THE social media stock, which everyone has been atwitter about, became a public company last month. A lucky few were able to get it at its initial public offering price. Opening price for the rest of us was about 70% higher. Since then it has risen another 64%. There...
by Michael Lecours | Dec 19, 2013 | Economy, Investment Strategies, Trend Updates, Uncategorized
If you recall, the markets declined by about 5% in May and then again in August due in part to the possibility of the fed reducing its bond buying program. And then yesterday happened – the Fed went ahead and started to taper the bond buying program. Based on the...
by Michael Lecours | Nov 22, 2013 | Economy
In the past writings below, I referred to the concept of a fair value for stocks. However, I skipped a step. I did not define what I meant by fair value. So here goes… To start, let us assume that we are not in extraordinary times (link). Assume that we are in...
by Michael Lecours | Nov 16, 2013 | Economy, Finding Confidence, Uncategorized
There’s a great scene in Jurassic Park where Alan, Tim and Lex watch a stampede of dinosaurs suddenly change direction and head right toward them. What made them change direction? What made them decide that this new direction was any better? Turns out investors do...
by Michael Lecours | Nov 15, 2013 | Economy, Finding Confidence, Rule of Thumb, Uncategorized
Stock market crashes and big economic recessions can be caused by a variety of factors. The real concern are the factors that seem to come out of nowhere; the ones that catch everyone, even the experts, off guard. Take all this talk by the media predicting an economic...
by Michael Lecours | Nov 14, 2013 | Economy, Finding Confidence, Uncategorized
With the equity markets reaching all-time highs, you would think everyone on Wall Street would be dancing in the streets. Nope! They’re using this time to talk about all the reasons why we’re in for a big correction, down turn, or crash. This shouldn’t be a surprise....
