It’s About Time

Time is of the essence. Time flies. It’s about time! We fret about time all the time. We mark various anniversaries on a regular basis, the beginning of spring, your birthday, holidays and other special occasions. We have a calendar full of such days. The markets have just marked a couple of anniversaries as well. This past March 10th, it was the 10th anniversary of the peak of the tech bubble. On March 9th, it was the first anniversary of the bull market that started a year ago at the bottom of the last bear market. It is an interesting coincidence that the two days should fall so close together on the calendar. Read more

When was it, a week ago? We were waxing worriedly (enough alliteration) about the resistance right above us for the major market indices. Well, that is all pointless now as we’ve technically broken out above resistance and made marginal new highs. The leader in this effort was the NASDAQ, which actually broke above its January highs a couple of weeks ago and now is clearly in new recovery high territory. All the hoopla about the NAZ being a big loser over the past ten years means nothing to this current run. It is all about “what have you done for me lately?” The NAZ has been the leader in this bull market and looks like it doesn’t want to give up the lead.
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A strategy to built on the rather basic assumption, that as the economy gets better after the latest recession, interest rates, now at historic lows at the short-end of the curve and near cyclical lows at the long-end, will rise. We have a couple of reasonable reasons for believing that rates will rise. Read more

This year will be unlike any other the world has ever known. Why? Because the myriad variables have never been arrayed exactly like this before and are unlikely to be arrayed like this ever again. The simple passage of last year will render impossible many of the other possible scenarios and create at least as many possible new scenarios for this year. Isn’t that wonderful? (Not exactly helpful, but wonderful none the less.) Read more

Arizona’s private-school tuition tax-credit law came into effect in 1997 under House Bill 2074.  The legislation would provide scholarships for kids to pursue their education dreams in private schools.

Individuals and corporations can donate money to help parents pay for private-school tuition. Donors receive dollar-for-dollar credit against their income-tax bills. The donations are collected and distributed as scholarships by non-profit organizations called school-tuition organizations, or STOs. Read more