Is this stock market today a Bubble? If you ask Jeremy Grantham, one of the Deans of the Investment business and a founder of the Investment management firm GMO, it certainly is a Bubble. To him the market looks eerily like the housing market of 2008 and the technology market of 2000. Scary high. But […]
News & Insights
Preparing To Live For 100 Years…
I t seems hard to foresee what life will look like in the year 2124, but on average, a child born today will live to see such a world. Let that sink in for a moment. Life expectancy has been increasing over time. People today die at around 80, 30 years ago it was 74, […]
And Preparing In Case You Don’t…
Notwithstanding what we just wrote about average life expectancy being on the rise, we all are unique individuals on our own trajectory. Preparing to live a long happy life is important, but so is preparing for unknowable occurrences. Unpleasant as it may be, not preparing for death or disability will upend the best-intentioned plans. Estate […]
On The Hunt For Value…
As professional money managers, we are constantly on the lookout for undervalued sectors of the market. This is no easy task today as unprecedented amounts of fiscal and monetary stimulus have caused prices to soar across a wide range of financial assets. Still, as the most recent GameStop folly revealed, investors’ emotional tendency toward fear […]
To be Successful on Wall Street…
Maybe we need to change the way we think. We have so many things to worry about right now. Will the economy bounce back sharply or will Covid win again? How long will the Fed’s stimulus last? And which sectors will lead the market? The tried-and-true giant media and e-commerce companies (Facebook, Amazon, Netflix, Google, […]
The People Behind the Production…
Once in a while, we like to pull back the curtain and show you all that goes on behind the scenes at Hanson & Doremus. There is no wizard or wizardry behind the production, just a lot of old-fashioned work done by people that we think form quite a unique team. This is our 26th […]
“It’s not what we don’t know that gets us in trouble. It’s what we know for sure that just ain’t so.” Mark Twain
Annual stock market forecasts have a pretty poor track record. For proof, consider last year. At the end of 2019, the median consensus on Wall Street was that the S&P 500 would rise 2.7% in 2020. In April, after the market’s pandemic related plunge, a Bloomberg survey showed forecasters predicting that the S&P 500 would […]
Our Holiday Gift for 2020…
I t has been a tough and trying year. But we all persevered. Here’s to our strength and to a less stressful year in 2021! In the meantime let’s give thanks to family and friends and for safety and health. And let’s leave a little room for one last treat in 2020, our dessert recipe. […]
How Can China Grow So Fast ..?
While investors earn so little? Look at the chart below Not much of a return from the Shanghai Stock Exchange the past 10 years despite the rapid growth of the economy. What is the reason investors did not get much of a return? The simple explanation is the quote below. Companies in China do not […]
R.I.P 60/40…
For decades investors have relied on a simple and practical investment approach, the “60/40 portfolio,” to achieve long-term investment goals. The simplicity is elegant and historical results, powerful. In its most simplified form, the 60/40 portfolio is 60% large-cap U.S. stocks and 40% U.S. government bonds. The American Association of Individual Investors, or AAII, has […]
A Look into a Post-Covid World…
The pandemic struck at the core of one of the most basic of all human activities – personal interactions. Fortunately, the technology industry has launched a range of solutions aimed at helping fill the void. In healthcare, telemedicine has allowed providers to continue offering care to thousands of patients. Delivery apps are helping grocery stores […]
It’s the Coronavirus, Stupid…
So how does 2021 look? We will shamelessly borrow here from James Carville’s advice to Bill Clinton before the 1992 election, “It’s the Economy, stupid.” Today it’s all about COVID-19. Right now, we appear to be in Round Two of the outbreak. Things are getting worse, as they are also in Europe. The good news, […]
