Panic!

Like Scary Nights at Universal Studios (where my daughter went this weekend), it really is scary out there. I Walked into the office looking at a 300-point drop  in the Dow and a +10% jump in 10-year Treasuries.

I doubt anyone woke up this morning and decided that sub-2% yields for the next decade is actually a great investment. No, it’s a classic sign of panic.

I have no idea how much further we fall, but it’s not a black hole we’re in.

I don’t believe in catching falling knives (throwing metaphors around this morning), but I see the markets much as my daughter saw Universal Studios: scary, for sure, but actually, kinda fun too (after she exited the park).

• 29 May, 2015

  Yasou!

  Let me stipulate up-front: I love Greece. Everything about it: the food, the weather, the history, the music, the ...

• 28 Jan, 2026

  Fireside Reading

  With most of the country confined to home by snow and ice, I thought you might appreciate some more book recommendations ...

• 12 Jun, 2015

  Party Like It's 1999?

  Some observers point to the eye-popping valuations for companies with little revenue (WhatsApp, e.g., bought by Facebook ...