I usually cover earnings releases as part of the weekly commentary. But sometimes, I feel a separate update is warranted. This is one of those times. Before turning to company commentary, I think it is relevant to note the context. After several months of strong growth in new jobs and in other labor metrics, the…
Last week was another week of distress for high-growth shares, although perhaps not as grim as the prior week. Most of the damage was done on Wednesday which brought substantial valuation contractions. The market for high-growth shares stabilized a bit on Friday, but overall, our high-growth portfolio lost 6% and its index value now stands…
The New Decline: What’s been going on? More than a few subscribers and some readers on SA : How low is the market going? What should I be doing? How much longer will this bloodletting last? One subscriber wrote to me that he has been nauseous. He asked how I stay calm. The reality is…