Select Page

Month: January 2019

Should Retirees Worry About Bear Markets?

Authored by Lance Roberts via RealInvestmentAdvice.com, Mark Hulbert recently wrote a piece suggesting “Retirees Should Not Fear A Bear Market.” To Wit: “Don’t give up hope. I’m referring to what many retirees are most afraid of: Running out of money before they die. An Allianz Life survey found that far more retirees are afraid of outliving their money than they are of dying—61% to 39%. This ever-present background fear is especially rearing its ugly head right now, given the bear market that too many came out of nowhere. Retirement planning projections made at the end of the third quarter, right as the stock market was registering its all-time highs, now need to be revised. The reason not to give up hope is that the stock market typically recovers from bear markets in a far shorter period of time than most doom and gloomers think. Consider what I found when measuring how long it took, after each of the 36 bear markets since 1900 on the bear market calendar maintained by Ned Davis Research…Believe it or not, the average recovery time was ‘just’ 3.2 years.” Mark correctly used total return numbers in his calculations, however, while his data is correct the conclusion is not. Here is why. While Mark is discussing the recovery of bear markets (getting back to even) it is based on a “buy and hold”investing approach. However, Mark’s error is that he is specifically...

Read More

MSNBC Guest Repeats Unproven Claims Teens Surrounded Native American, Chanted ‘Build the Wall’

An MSNBC guest claiming to be a witness at the viral dust-up involving a group of Kentucky high school teenagers and a Native American elder admitted Monday she missed a crucial portion of it and repeated unproven claims that the teens chanted “build that wall” and “surrounded” Phillips. A group of Covington Catholic high schoolers, many of them wearing “Make America Great Again” hats, were filmed seeming to taunt Nathan Phillips, a Native American and veteran, near the Lincoln Memorial in Washington, D.C. on Friday. However, additional video and reporting over the weekend created a far more complex picture. Tribal rights lawyer Tara Houska was an organizer of the Indigenous People’s March and said she was there Friday with members of Sen. Bernie Sanders’ (I., Vt.) office to film a video about the plights facing indigenous women. “I saw the elder that was there, Nathan Phillips, and the people around him, but I didn’t realize what would end up happening, which was them surrounding him, chanting ‘build the wall,’ and a youth standing directly in his face, in a very leering, aggressive manner,” she said. She then acknowledged she saw none of this firsthand. “You had walked away prior to that point happening,” MSNBC host Hallie Jackson said. “I personally kind of felt unsafe,” Houska said, saying she felt the “energy in the air change” and had asked a...

Read More

Israel Strikes in Syria in More Open Assault on Iran

By Angus McDowall and Dan Williams BEIRUT/JERUSALEM (Reuters) – Israel struck in Syria early on Monday, the latest salvo in its increasingly open assault on Iran’s presence there, shaking the night sky over Damascus with an hour of loud explosions in a second consecutive night of military action. Damascus did not say what damage or casualties resulted from the strikes. The Syrian Observatory for Human Rights war monitor said 11 people were killed. Syria’s ally Russia said four Syrian soldiers had died and six were wounded. Israeli Prime Minister Benjamin Netanyahu said the air raid had mostly targeted Iranian forces, but also hit Syrians helping them. “We will strike at anyone who tries to harm us,” he said. The threat of direct confrontation between arch-enemies Israel and Iran has long simmered in Syria, where the Iranian military built a presence early in the nearly eight year civil war to help President Bashar al-Assad’s government. Israel, regarding Iran as its biggest threat, has repeatedly attacked Iranian targets in Syria and those of allied militia, including Lebanon’s Hezbollah. With an election approaching, Israel’s government has begun discussing its strikes more openly, and has also taken a tougher stance towards Hezbollah on the border with Lebanon. It said a rocket attack on Sunday was Iran’s work. The Israeli shift comes a month after U.S. President Donald Trump unexpectedly announced a sudden plan...

Read More

Visualizing The Jeff Bezos Empire In One Giant Chart

With a fortune largely tied to his 79 million Amazon shares, the net worth of Jeff Bezos has continued to rise. Most recently, as Visual Capitalist’s Jeff Desjardins points out, the Amazon founder was even able to surpass Bill Gates on the global wealth leaderboard with $137 billion to his name – however, this ascent to the very top may be extremely short-lived. On January 9th, 2019, Jeff Bezos announced on Twitter that he was divorcing MacKenzie Bezos, his wife of 25 years. While the precise ramifications of the news are not yet clear, it’s anticipated that MacKenzie Bezos could end up with a considerable portion of shares in Amazon as a result. There is much to be decided as the world’s wealthiest couple splits their assets – but for now, here is a list of what Jeff Bezos owns today. THE JEFF BEZOS EMPIRE IN 2019 Courtesy of: Visual Capitalist The obvious centerpiece to the Jeff Bezos Empire is the 16% ownership stake in Amazon.com. However, beyond that, there is a wide variety of other investments and acquisitions that Jeff Bezos has made through Amazon or his other investment vehicles. These range from household names to more secretive endeavors, and are worth looking at to truly understand his assets and fortune. AMAZON.COM Amazon makes acquisitions and investments that relate to the company’s core business and future ambitions. This includes acquisitions...

Read More

Beyond BuzzFeed: The 10 Worst, Most Embarrassing US Media Failures On The Trump/Russia Story

Authored by Glenn Greenwald via The Intercept, Buzzfeed was once notorious for traffic-generating “listicles”, but has since become an impressive outlet for deep investigative journalism under editor-in-chief Ben Smith. That outlet was prominently in the news this week thanks to its “bombshell” story about President Trump and Michael Cohen: a story that, like so many others of its kind, blew up in its face, this time when the typically mute Robert Mueller’s office took the extremely rare step to label its key claims “inaccurate.” But in homage to BuzzFeed’s past viral glory, following are the top ten worst media failures in two-plus-years of Trump/Russia reporting. They are listed in reverse order, as measured by the magnitude of the embarrassment, the hysteria they generated on social media and cable news, the level of journalistic recklessness that produced them, and the amount of damage and danger they caused. This list was extremely difficult to compile in part because news outlets (particularly CNN and MSNBC) often delete from the internet the video segments of their most embarrassing moments. Even more challenging was the fact that the number of worthy nominees is so large that highly meritorious entrees had to be excluded, but are acknowledged at the end with (dis)honorable mention status. Note that all of these “errors” go only in one direction: namely, exaggerating the grave threat posed by Moscow and the Trump circle’s connection to it. It’s inevitable that media outlets will...

Read More