What is there about October that upsets people and financial markets? For nearly a century investors get nervous this time of year. Unfortunately watching the market as closely as I do, one would think I would have sold stocks at the first sign of trouble in October. Nope, I expected better from a few of my conservative holdings , but they are not immune ($CVX, $XOM and utility CEFs and ETFs).
My financial and investment musings have been few and far between lately, but while reading Barron's Magazine article this past week, it reminded me that we investors often can look to history for insight. Listen: ElevenLabs Audio reading Most of us recognized that inflation rocketed as the world attempted to return to normal … it was unnecessarily high. Way too many decisions were made by the Biden administration that amplified the already heavy stimulus checks and spending … and particularly by their attacking the American energy industry (higher energy costs inflate everything).
Another attempt to try to include re-posted financial-advice marketing commentary from Contrarian Outlook to a personal Raspberry Pi server for archival and reading. What the Silicon Valley Bank Collapse Means … Michael Foster, Investment Strategist Updated: March 16, 2023 The Silicon Valley Bank (SIVB) mess has demonstrated exactly why we need to invest in closed-end funds (CEFs): these funds yield 8.1% on average, giving us an income stream that can get us through market volatility, like we’re seeing now.
This is a test post printing out a Markdown version of an emailed article using the Reader View extension for a web browser. It is only content for testing (thanks Jack) Tumbling Bank Stocks Raise Deposit Risks, and Yield a Few Bargains Jack Hough 7-9 minutes By one measure, bank stocks have given up a quarter-century worth of gains. Is that a buying opportunity for contrarian investors, or a sign that the group is broken?