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Monument’s Economic Review

Check out our latest video!  Our Economic Review video breaks down 2016 into four distinct sections, discusses what affected the market in each of those periods, and then goes into what’s ahead for 2017. WATCH THE VIDEO>  

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Quick Thoughts on DOW 20,000

Dow 20,000 is the talk of the town. There is no escaping it. As I write this (Wednesday at 10:36 am), the index is a mere 0.60% away. But a question being asked, explicitly and implicitly, is this: “Do the current valuation levels (specifically P/E Ratios) signal a market top?” My opinion? Not by themselves. Research from LPL Financial and Barclays indicates a weak relationship between one measure of stock…

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Bull Market Bear Market

A Tug-of-War Between The Bulls and The Bears

I’m seeing, reading and hearing a lot of back and forth between people on where this market is heading and frankly, there are a lot of data that are supportive of both camps. People who are beating the bull drum have been highlighting the restrained investor sentiment, fair valuations, the improvement in the U.S. Dollar that is supportive of better earnings in the future and the still growing, yet tepid,…

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Longest Bull Market

Market Value and Intrinsic Value – Know the Difference

I realize that the idea of sitting down and devouring a good book is usually on everyone’s to-do list. However, when they imagine doing that, I bet it’s rarely with a book about finance … but I have a good one for you. It’s one you can just pick up, open to any page and read for a few minutes. It’s called “The Devil’s Financial Dictionary,” by Jason Zweig from…

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Dow is Back

The Dow is Back Above 18,000 – Here Are Some Thoughts

First of all, congratulations to the entire Team here at Monument on receiving the honor of being a Best Place to Work in D.C. for the 4th year in a row from the Washington Business Journal. Dean and I are both very proud of the entire Team at Monument. It is each one of them that truly makes Monument one of the Best Places to Work. The past year has…

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Advisor

3 Takeaways from Warren Buffet’s Annual Letter

How can my blog compete against Warren Buffet’s annual letter that was released Saturday? You should read it, but here are three segments I liked: #1 “America’s population is growing about .8% per year (.5% from births minus deaths and .3% from net migration). Thus 2% of overall growth produces about 1.2% of per capita growth. That may not sound impressive. But in a single generation of, say, 25 years,…

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Economic Review Video: January, 2016

As you may remember, last July we created the first set of videos for our new Economic Review video series.  Now we are releasing a new video that reviews what has changed in the economy since then and what we believe we will see moving forward.  Thanks for tuning in!   Important Disclosure Information for “Economic Review Video: January, 2016” Please remember that past performance may not be indicative of…

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reverse psychology

What a Bear Market Means to You

I think this is a pull back and not a recession. But I could be wrong – and here’s why… I DON’T KNOW. And here’s more bad news… YOU DON’T EITHER. And to make matters even worse… NEITHER DOES ANYONE ELSE! And for all those people out there about to unleash their “I told you so…” and their “I saw this whole thing coming,” you need to do a few…

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