Falling oil prices and collapsing exchange rates do not mean that it’s 1998 again. There’s an old adage that “economists have predicted 17 of the last 3 recessions”. History is an outline, a guide, but there’s a reason we disclaim “past performance is no guarantee of future results”. It should be modified to say “past history does not mean it will repeat itself here again”. History is an Outline, not a Blueprint Read More
Summer is right around the corner, so I thought I’d share the really cool chart above (and link below for interactive) for the various state gas taxes across the country. As a side note, I’m curious to see how gas taxes are addressed by states going forward. With higher fuel efficiency and hybrid technology, gas tax revenues are down since people are buying less gas. Interactive Gas Tax Chart Read More
The price of gasoline has definitely gone up over the past month and most experts expect it to continue its rise during the spring and into the summer. Curious about how the price of gasoline goes up and down, and why? This is a pretty good article describing the supply of oil, refineries, delivery of gas, etc. Read it to be informed as the summer and higher prices come upon us. THE STORY BEHIND GAS PRICES Read More
This week’s video is my 1st Quarter Review and my 2nd Quarter Preview. The first quarter was good (yeah!), and I list the items I’ll be watching and thinking about for the 2nd quarter. A must see video (if I do say so myself). TRANSCRIPT: Hi Clients and Friends, Mike Brady here. This is the first quarter review and second quarter pre-view for 2011. Now, in general, the first quarter was a little bouncy in February, but overall a positive quarter; actually, a very strong and nice quarter. The indexes, which of course you can’t invest in indexes, but they’re ... Read More
Oil has been one of the big pieces of news recently, with some forecasters predicting much higher prices at the pump, whereas others are predicting a stabilization and downward trend as other countries start to increase their output. The price of oil is important for our economic recovery, and if prices continue to climb, this will not be good. A higher oil price can negate all the progress we’ve seen so far. To the right is the historical price of oil. Let’s not forget we’ve been here before and survived. CLICK FOR FULL ARTICLE Read More
In case you’re curious where the world’s oil supply comes from, there’s the breakdown by country. I think there’s a perception by most Americans that we get all of our oil from the Middle East, but that’s simply not the case. Saudi Arabia, for instance, is only 11.9% of the world’s supply. That’s a lot, but it’s certainly less than what most people perceive. CLICK FOR FULL ARTICLE Read More
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
The Standard & Poor’s 500 Index (“S&P 500”) is an unmanaged, market capitalization weighted index of 500 widely held stocks, with dividends reinvested, and is often used as a proxy for the stock market.
The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends.
Indexes are often used as a proxy for the stock market and cannot be invested in directly.