It is understandable that all focus may be on equity markets in the aftermath of a 1,500-point drop in the Dow Jones Industrial Average. The sequence of triple-digit down days over a recent four-day period (down 335 points July 31, down 300 points August 1, down 100 points August 2, and most notably down 750 […]
The last decade of investing, what you might consider the “post-crisis” period, has served up a tremendous opportunity to forget nearly everything that matters about investing. Now, before diving into the negative, some positive lessons of the last ten years are in order. For one thing, the greatest behavioral lesson in the history of investing […]
Congressmen Brian Schatz of Hawaii and Peter DeFazio of Oregon have introduced the Wall Street Tax Act, a crass and poorly constructed tax on financial transactions. More specifically, the bill aims to charge a 10 basis point fee on all financial transactions (stocks, bonds, derivatives, etc.). The bill is backed by Alexandria Ocasio Cortez, a […]
Many investors may be excited to put 2018 in the rearview mirror, as its contrast from 2017 was stark in many ways. However, a deeper look at 2018 may reveal that the challenges of the year, while real, were different than many have understood them to be. Further, the outlook for 2019 may also be different […]
Much attention has been paid over the years to the low correlation that exists between economic growth and stock market performance, particularly in the nations of emerging markets. The oft-cited analogy of Mexico’s pitiful GDP growth and stellar stock market from 1993-2013 vs. China’s transformative GDP growth and pitiful stock market over the same period […]
The following is a compilation of a Special Series on the Ten-Year Anniversary of the Financial Crisis of 2008 highlighted in the Market Epicurean on the exact dates of the some of the most historically significant financial happenings of our time. We have also added short videos for each of the Ten Parts, a Podcast […]
WaMu, FDIC, and other Four-Letter Words When Bear Stearns went down in March of 2008, 100% of Wall Street was familiar with the venerable financial giant, but I suspect a very small percentage of Main Street was. And in September of 2008, again, 100% of Wall Street knew Lehman Brothers, but I doubt a large […]
By Any Means Necessary: The Fed’s Alphabet Soup is Born We last left off in this little “mini-series” on September 17, which in 2008 fell on a Wednesday. The four successive days of September 14-17 saw the fall of Lehman Brothers, then Merrill Lynch, then AIG, and on Wednesday, the 17th, the near-death experience of […]
Is Wall Street Dead? The Day Morgan Stanley and Goldman Sachs Looked into the Abyss If reading our series so far has given you the impression that September 14 (Lehman’s bankruptcy), September 15 (Merrill swallowed up, market down 500 points), or September 16 (AIG bailout, money markets collapsing) were stressful days, then I am […]
Bailout Bombs Begin The first article in our series replaying the horrific events of September 2008 (Getting Your Fannie Whipped) portrayed a government intervention, but it was an intervention into two companies (Fannie Mae and Freddie Mac) that most people viewed as quasi-government entities, to begin with. The second piece (Ground Zero: The Fall of […]
The Bahnsen Group is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
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