What is Pat’s commentary for the week of August 19, 2014

Long-time readers may recall that in the mid-1990s, I started writing about three special factors that I felt were likely to make stock prices go higher, and continue rising longer, than most investors expected. These special factors or “economic energizers” were:

Economic liberalization and the spread… Read More

What is Pat’s commentary for the week of May 13, 2014?

I’ve mentioned here, and in recent letters to our portfolio-management clients, that I’m optimistic about the stock market’s direction. In fact, I suspect that a secular bull market began in March 2009, when the market began rising after the recession.

Secular bull markets take a variety… Read More