Human Events

Today Marks This Important Anniversary

It was 30 years ago today that the U.S. stock markets experienced Black Monday, still the largest single-day decline in the stock indexes. The Dow Jones Industrial Average declined 22.6% in one trading session. That was 508 points at the time and about 5,775 points …

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Can ‘It’ Happen Again?

“We will not have any more crashes in our time.” — John Maynard Keynes (1926) All last year a prominent ad ran in Yahoo Finance and elsewhere predicting an “80 Percent Collapse in Stocks.” A lot of Cassandras are wiping the egg off their faces, having …

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Well-Rounded Aerospace and Defense Fund Delivers Targeted Exposure

This week’s featured exchange-traded fund (ETF), the SPDR S&P Aerospace & Defense ETF (XAR), tracks an index of U.S. aerospace and defense companies. The fund currently has $1.01 billion assets under management and invests at least 80% in its holdings. Unlike some of its peer …

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Bow Down to the Dow

It is midday Wednesday, Oct. 18, and as I write this week’s e-letter, the Dow Jones Industrial Average has just hit another major milestone. This time it’s the 23,000 mark — a number that was almost unthinkable just nine years ago. Look below at a …

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Weinstein’s Pimps: Revenge Of The Ugly Girls

Liberalism is a sexual assault protection racket. Judging by the last week’s news coverage, EVERYONE in the liberal universe — Hollywood, the fashion industry, the media and Democratic politics — knew about Harvey Weinstein’s sexual predations and nearly all of them were covering it up. …

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Socialism vs. Capitalism: Karl Marx vs. Howard Marks

This past week, I spent some time with two famous men named Marx and Marks. The first is the infamous Karl Marx, who authored “The Communist Manifesto.” Published in February 1848, Marx’s short book came just in time for the revolutions that swept across the …

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The Dollar Bounces Back

The reversal in the U.S. dollar is the big news in the markets. The dollar soared after the election but began a steady decline in January that didn’t stop until recently. At one point, the dollar was down almost 10% for the year against a …

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Nobel Calling: A Painless Way to Triple Your Retirement Income

Do you live in fear that you haven’t saved enough for retirement? Join the crowd. The clear majority of investors have not saved enough for retirement, and live in fear of running out of money before they die, leaving themselves too dependent on Social Security and …

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Power and Hypocrisy in Tinsel Town and the Media

Growing up in Southern California, and doing my undergraduate work at the University of California, Los Angles (UCLA), I always have been surrounded by the entertainment industry. I have friends “in the business,” including actors, writers, directors and those in back-office production roles. The people …

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Media Begging Us For Conspiracy Theories on Las Vegas

Now the media are just taunting us with their tall tales about Stephen Paddock, the alleged Las Vegas shooter. Reputedly serious news organizations are claiming that he made a living playing video poker. That’s like claiming someone made a living smoking crack. The media are …

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