RichC | September 2, 2015
Let me start off that I have been abundantly blessed and thankfully to this point I haven’t faced the need for “therapy,” as the many versions of the below tee-shirt make light of. In my case was fortunate to be born to loving parents who emulated what it was to be a great mother and […]
RichC | September 1, 2015
Three small Ohio cities made Money Magazine’s list of Best Places to Live in 2015. Having lived in neighboring communities to Mason (currently Liberty Township) and both Solon and Twinsburg, Ohio (previously Hudson), I agree that both areas are great places to live and raise a family. Commonalities are that they are growing upscale small […]
RichC | August 28, 2015
Most technology followers know the theory behind copying the swipe code from traditional magnetic credit cards, but few people swiping their cards at the gas pump realize that the “skimming device” is installed by criminals is installed out of site “inside” the gas pump. Q: If you can’t see it, how do you know your […]
RichC | August 24, 2015
The trading day is not over yet, but the moves on Wall Street and with individual stocks or indices have been unprecedented today. We are currently down 600 points on the Dow Jones Industrial average with an hour left in the day, but that almost seems mild compared to the onslaught of sell ordering in […]
RichC | August 21, 2015
Even though I’ve already posted on the recent plummet in the financial markets , the heavy volume and substantial daily moves like we’ve seen the past couple of days deserves a second post. Dow Jones Industrials on Friday afternoon August 21, 2015 Friday (August 21, 2015) was another sour day for investors who are holding […]
RichC | August 21, 2015
We often hear the “firing on all cylinders” comment when talking about fiscal execution in managing companies … well the U.S. and World economy is not currently firing on many cylinders. Countries in Asia have been taking their lead from the 2008 model enacted by the US Fed which devalues currency in relation to other […]
RichC | August 6, 2015
I’ve been watching some tech stocks climb as their valuations seem exorbitant while others languish; it makes little sense to me. Stocks like Apple ($AAPL) look oversold considering their while IPOs in other startups continue to attract money. Then there is the companies heavily used and relied on by media and celebrities alight, Twitter ($TWTR) […]
RichC | July 13, 2015
Back in mid-2011, Netflix management frustrated their users by splitting their DVD and streaming services. They upped subscriber subscriptions by 60% in some cases and created a flurry of cancelations. The CEO, Reed Hastings, came out publically and admitted he “messed up.” He was of course responding to both angry users and the shareholder who […]
RichC | July 8, 2015
Elio Motors issued a press release today on the crowd funding “non-binding” interest for equity in their new American start-up car company. Troy, Mich., July 8, 2015 – Elio Motors today announced it is off to a record-setting pace for its disclosed equity crowdfunding campaign, with more than $16 million in expressed non-binding interest from […]
RichC | July 1, 2015
Investing in startups outside of a business where I have been hands-on management has never panned out successfully for me … so I’m not sure why I think ElioMotors will be different? In other words, treat that last statement a warning and my skepticism beyond seeing a new car company as interesting and exciting IF […]
RichC | June 30, 2015
This might be a big deal for someone doing computerized “flash trading” but for most of us it would have gone unnoticed for the bulletin. So as a service to you, be warned … you’ll probably get “one-second” less sleep tonight.
RichC | June 30, 2015
Seems like about every article I read pointed to the fact that Greece’s economy is only “half the size of Ohio” and that we are insulated from the turmoil over this game of chicken they are playing with the IMF and pending $1.73B payment default. Still traders on Monday in about every market decided this […]
RichC | June 15, 2015
With the stock market opening off 150 points or so this Monday morning, the short sellers are having their way with the social networking stock of Twitter. TWTR is down 3.8% to $34.50 as of 11AM. What is it going to take to see this commercially and widely used service change direction … or will […]
RichC | June 6, 2015
In a 2015 look at cable companies, very few customers are happy with their providers, in fact the report indicates a couple of the biggest have lost ground (chart below). Barely half of Mediacom Communications, Time Warner Cable and Comcast customers indicate that they are satisfied with service … and the latter two above have […]
RichC | June 5, 2015
The jobs numbers were relatively positive considering the weak growth earlier this year, but still concerning in that the post-recession job growth is not was is normally expected after a recession. Still, one positive is that we are not facing inflation or seeing numbers that would indicate the U.S. is slipping back into a recession. […]
RichC | May 31, 2015
If you’ve been watching the “easy money” policies from central banks around the world (following the U.S. Fed’s lead), you may being wondering just how much money can be infused by government without suffering an economic calamity? So far, those investors “borrowing” at low interest rates in order to participate heavily in the stock market […]
RichC | May 28, 2015
It looks as if Twitter is getting a head start in taking social media into the publishing realm by going after Flipbook. Facebook is working deals with news organizations and consolidating into users streams, but $TWTR has decided to buy their way into the publishing business – undisclosed price but some speculate it is close […]
RichC | May 20, 2015
The Federal Reserve officials doubted they would be ready to raise short-term interest rates by midyear, according to minutes of the meeting released Wednesday. Fed officials, along with most economists, are struggling to make sense of a first-quarter economic slowdown. The normal pattern of post-recession growth has been non-existent as job growth has been tepid […]
RichC | May 8, 2015
The bigger the federal government grows and the longer the tenticles reach into business and personal lives, the slower our country grows. What will it take for Americans to recognize that our country grows and lifts every citizen when the ambitious and innovative are not thwarted by Uncle Sam at every turn? Besides limiting the […]
RichC | May 6, 2015
Equity markets are struggling to make any positive headway this month as each time there is a sliver of optimism that the economy will improve, another round of negativity takes the wind out of sails. Wednesday, after what looked like a positive start to the trading day, a “triple whammy of a pullback in energy […]
RichC | April 8, 2015
Very confusing numbers in a recent Wall Street Journal graph noting that the number of job openings being posted are way up (green line) … up to the highest level in 14 years. That’s good news right? Unfortunately a look at the red line shows the number of hiring. Hmm, that trend has moved down, […]
RichC | April 1, 2015
Watching the commodities today … particularly oil and precious metals. In the “classic risk off trade,” when stocks are selling off, gold rises (chart right – Business Insider). Looking a little more down the road, investment banks who follow crude oil futures see the price on a slow rise after a weak winter and spring. […]
RichC | March 25, 2015
Nationally the pay for babysitters is up in 2015 according to care.com as reported on CNBC this morning. When the reports indicate that wage growth is stagnent and inflation is at bay, they obviously don't have kids to take care of … [adinserter block=”5″]
RichC | March 12, 2015
In discussing FICA taxes the other day, I discovered just how much I didn’t know about one of the biggest taxes we pay throughout our entire working lives. I’m guessing most Americans are in my shoes? Now “let me be clear,” as President Obama has been known to say, I’m NOT “that” close to retirement […]
RichC | March 8, 2015
Canada’s central bank is urging citizens to stop defacing their $5 notes in a tribute to deceased actor Leonard Nimoy (3/26/1931-2/27/2015). In a trend dubbed “Spocking,” Canadians have taken to drawing pointy ears and tiled brows on top of Canada’s seventh prime minister, Sir. Wilfrid Laurier, to make him look like Mr. Spock, the half-Vulcan, […]
RichC | February 25, 2015
With oil prices down and the stock market in rally mode (particularly these top 5 Nasdaq stocks), it might be time to nibble on a few of TheStreet Ratings best Oil and Gas companies (below). I’ve been watching a few of the “big oil” companies figuring it was time to start building a more diversified […]
RichC | February 14, 2015
There was no love lost from customers of Intuit’s Turbo Tax software, and like many, I quickly looked to their competitors when I saw Intuit’s “money grab” in January 2015. Although the company responded with an apology and offered a $25 rebate to those who eventually figured out they needed to upgrade their Deluxe edition […]
RichC | February 13, 2015
The U.S. stock market rallied this week and closed Friday in nose bleed territory. The Dow finished the day at 18,019.35 up 47 points and S&P 500 setting a new record as well up .41 percent at 2096.99. The Nasdaq was up as well and closed at 4893.84, nearing its old high of 5,048.62 back […]
RichC | February 6, 2015
While watching my Twitter feed and tuning into Squawkbox on CBNC (my usual morning routine), the excitement was notable particularly since partisans on both sides of the political spectrum spar to take credit for improving numbers. We do seem to be on a trajectory of adding jobs consistently which should eventually put pressure on employers […]
RichC | January 28, 2015
After 6-years of saving $2,500 each year on our “unchanged plan” or greatly improved “21st century” Obamacare health care plan, Democrats in congress and President Obama have made it possible for average Americans to have now amassed $15,000 (6 yrs x $2500) … no thanks to those Republicans voting against it (#sarcasm). And since getting […]
RichC | January 15, 2015
While watching the stock market decline and gold prices rise this week (Swiss franc against the euro decoupling) and listening to economists suggest deflation is likely, it is becoming clear that the slowdown overseas will be impacting earning for large cap companies and international funds. The U.S. economy seems to be holding up, but pension […]
RichC | January 13, 2015
When looking at the U.S. financial indices for the first half of January 2015, one would be hard pressed to believe the optimistic opinions from most financial analysts and those talking about the domestic economy. Most cite the low interest environment and low energy prices as a reason to be optimistic, but day to day […]
RichC | January 12, 2015
As a conservative … politically, I probably don’t give enough credit to the Old Gray Lady for their often excellent articles covering content outside of politics. This weekend was no exception and I wanted to archive an article which has personal interest … and is something I’d like to look in to as an investor […]
RichC | January 10, 2015
One would think that a “rising tide lifts all boats” when it comes to gains for financial markets, but that is not the case for conservatively managed U.S. pension funds. The strong stock market returns during 2013 and 2014 have helped most individual investors recover from the 2008 financial collapse, so as long as they […]
RichC | January 1, 2015
The year 2014 ended on a rather positive note thanks to lower oil prices, low inflation and higher stock prices. Considering the economic malaise most Americans have endured most of the past 7 years, a little optimism feels good. Consumer confidence climbed to 92.6 in December as measured by The Conference Board’s private survey and […]
RichC | December 29, 2014
As the year draws to a close, we can be thankful for economic boost coming from cheaper gasoline. The chart above show just how rapid the decline in the price of Crude Oil changed. It illustrates the unbelievable shift in the cost of energy for all of us. It is partially due to demand, but […]
RichC | December 15, 2014
Wow! … I’ve watched oil continuing to dip lower on Monday afternoon (WTI $55.40/barrel) and this rapid drop in recent weeks has “for some reason” caused equities to sell off. Normally one would see lower oil prices as a good thing for the stock market since it makes goods and products less expensive and gives […]
RichC | December 14, 2014
A discussion between the host and guest on CNBC this week concluded that instead of saving college students money on their student loans that the government was using the repayments in other areas amounting to BILLIONS of dollars – ie. $19 billion for deficit reduction and Obamacare! It seems the take-over by the Federal Direct […]
RichC | December 5, 2014
It’s not entirely fair to blame President Obama for American decline and China’s rise in economic prominence, but his lack of inspiring American Exceptionalism and worldwide apology tour hasn’t helped. Words and attitude aside, his policies slowing our economic recovery are most to blame as we watch industry evaluate the best place to invest capital; […]
RichC | December 2, 2014
In talking with a long time customer today about shopping and using credit cards, the subject of FICO scores came up since they are printed each month on Discover Card statements (nice touch Discover). He ask me what a good score was and I “sort of” knew that over 700 was good and thought 760 […]
RichC | December 1, 2014
Last week oil prices hit multi-year lows after the Organization of the Petroleum Countries (OPEC) decided to maintain their current production rate. This indicated that they are either comfortable with the current price of oil or more than likely want to force producing areas with a higher cost per barrel to stop exploration, drilling and […]
RichC | November 24, 2014
We’ve driven the PA turnpike several times in the past, although the last trip traveling the full length was probably close to a decade ago, but the 2014 tolls structure gives a new meaning to the term “highway robbery.” This past weekend, my wife drove to Philadelphia from Cincinnati for a bridal shower and thought […]
RichC | November 7, 2014
The Stock Trader’s Almanac is always an interesting read in referencing history when it comes to forecasting market moves. If their research is correct we may still have 5-10% to grow. Quite bullish. Since the great stock washout of 2014 the S&P 500 and Dow Jones Industrial Average have gone up about nine percent in […]
RichC | November 4, 2014
There is a populous push coming from Democrats and the Obama administration to increase the Federal minimum wage … instead of letting markets to set the proper levels. It’s understandable with all the negatives facing the Whitehouse and failing policies being pushed by Democrats to create jobs, that politicians resort to simpleton tactics that appeal […]
RichC | November 3, 2014
Here’s a new chart for those who enjoy the occasion Chartist trader humor … Gold’s Two Hump Vomiting Camel Pattern chart from CNBC’s Fast Money.
RichC | November 3, 2014
Most financial experts emphasis not to “time the market” when investing, but it is difficult to resist researching and compiling statistics? Well, I’m guilty and have used a few when routinely adding investments to a retirement portfolio, particularly when buying the broad market. In the 1990s when trading futures somewhat regularly (not comfortably or particularly […]
RichC | October 31, 2014
A big morning for stocks as global markets celebrate Japan expands their stimulus. The DOW hit an all-time intraday high as giddy investors bought blue chip equities expecting the economy to continue to grow. The good news of better corporate profits and the Federal Reserve’s finalizing their stimulus makes Wall Street feel good … BUT […]
RichC | October 30, 2014
The left, the media and even mainstream Republicans had me convinced that Senator Ted Cruz was not a viable candidate to put on the national ticket … and that his ideas were “just too radically conservative” for today’s America. BUT … listening to him for 6 minutes (below) on CNBC’s Squawkbox this morning, I’m not […]
RichC | October 29, 2014
Since moving away from Sprint and finally down to two cellphones in the family …except for a couple of spare emergency “burner” phones (grin) –one with my overseas travel SIM and the other a Samsung Galaxy S2 total free wireless plan on Freedompop. The point is that we were able to travel comfortably with our […]
RichC | October 15, 2014
It’s October … why would anybody be surprised by the market heading violently in the down direction? I posted earlier this afternoon while watching the market selloff across the board and figured the end of the day deserved an update. At one point the Dow was down 460 points with most stocks moving sharply to […]
RichC | October 15, 2014
Will the Apple event on Thursday do much to ease the pain $AAPL shareholders are feeling in Wednesday’s afternoon sell-off? Share prices dropped over 3% in the last couple of days with today taking the biggest dive. The expectation is for an iPad mini 3 an improved iPad Air with the new A8 64-bit chip, […]
RichC | October 10, 2014
Investors have a love-hate relationship with the month of October. It is a volatile month and has had its share of stock market ups and stock market downs. Those of us who were around and investing in 1987, we mostly remember the “down.” In those days before Internet investing, hearing and seeing share prices drop […]
RichC | October 9, 2014
Volatile financial markets seesaw so far this week. From 2% down on Tuesday, to 2% up on Wednesday and now back down 2% on Thursday … Friday should be an interesting day and right in keeping with October trading. Here are a few thoughts from Jeff Macke (Yahoo Finance) concluding that the “stock market has […]
RichC | October 4, 2014
The year 2014 is turning up to be the year of the data-breach. It seems every month another high profile company reports that their clients and customer data has been compromised. JP Morgan Chase is the most recent and perhaps the largest loss of data – a information from a “mere” 76 million households and […]
RichC | September 30, 2014
Residents and businesses in Ohio “choose” which companies provide the energy used by their utility company, which can in most cases reduce their bills. This competition should be a good thing, one would think, but each year consumers go through a multi-step process to confirm our energy provider choice … and each year it is […]
RichC | September 24, 2014
With the lower cost of domestic natural gas here in North America, the next couple of decades will continue opening the doors of opportunity for innovative companies who finding better ways to utilize this domestic and abundant clean fuel. Westport Technologies (WPRT), a leader in advanced natural gas engines and vehicles, has fallen flat as […]
RichC | September 14, 2014
There was a spirited debate this past week concerning the Federal Reserves’ exit strategies and what will happen when the Fed balance sheet is deleveraged. The equity bulls continue to believe the U.S. will see economic grow as interest rates remain low and continued tame inflation numbers (some like Wilbur Ross are more concerned about […]
RichC | September 12, 2014
While waiting on the discount cellphone carrier Ting (my daughter’s referral) to welcome my Sprint-based iPhone 5s, I’m also weighing Sprint’s new promos (iPhone for life, etc). Since Ting is only approved as a month-to-month reseller for non-current iPhone models, switching to them requires waiting a few more days or weeks until my second-hand “s” […]
RichC | September 9, 2014
Tim Cook lead another #AppleEvent in the age of social media and I both watched and "tweeted" along with the tech interested across the country and world. The event was "as expected" in that Apple launched the new iPhone6 and 6plus … larger phones. They will be offering up their new iOS8 on September 19th […]
RichC | September 9, 2014
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