Archive for October, 2017

September 2017 – Monthly Commentary

October 13, 2017  |   Monthly Commentary   |     |   0 Comment

September 2017 Signs of excess abound in the capital markets as the ongoing emergency monetary policy supports frothiness and exuberance at every turn.  Last month, billionaire Warren Buffett commented that he wouldn’t be surprised if the Dow Jones Industrial Index, currently valued at 22,600, climbed to 1,000,000 in the next one hundred years.  In making that audacious prediction, Mr. Buffett seemed to be showing unbridled confidence in the stock market.  However, solving for the average return, ...