What is Pat's commentary for the week of February 28, 2012?

No market indicator or theory works every time, but the four-year U.S. presidential election cycle is about as good as they come. In essence, it works like this:

In the two years leading up to the U.S. presidential election year, the political party and individuals in… Read More

What is Pat's commentary for the week of January 4, 2012?

As you know, I take investor expectations into account when making investment decisions. When investor expectations are high, it pays to be skeptical and wary. That’s why we advise downplaying stocks that are in the broker/media limelight. When that limelight focuses on a stock, it… Read More

Stock market performance – how much to expect

Long-term studies show that stock market performance as a whole generally produces total pre-tax annual returns of 10% to 11%, or around 7.5% after inflation.

Returns will vary widely from year to year, of course. But I think the market will generate average annual compound returns… Read More