Investor/Blogger/Speaker on The Media & The Market
Contributor's Links: Kort Sessions

I have been investing in stocks for over 50 years.  I began my career in the brokerage business as a retail stockbroker in 1970 with a Kansas City based regional firm.  That firm  was acquired in 1978 by Kidder, Peabody.  At Kidder my business moved to the institutional ... more

ALL CONTRIBUTIONS

Inflation And Interest Rates: “Keep Calm And Carry On”
All we hear about is gas and food prices/inflation, higher interest rates, and a Fed that is about to drive us into recession or worse. The media loves this because bad news keeps butts in the seats and eyes on the screen.
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Walmart And Target: Sow Seeds Of Market Destruction?
Retail is uniquely advantaged when it comes to surviving inflation.
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Should Biotech Be On The Critical List?
The risk-off market has played havoc with the biotechs where the fundamentals have not changed as much as the valuation.
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Trying To Figure Out This Market?
If this market has you confused or fearful, a look backward may help...
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Fed Obsession - A Gigantic Waste Of Time
Every time the FOMC meets it seems that the period immediately preceding the meeting is a time of laser focus on what they are going to do and say after their meeting wraps up.
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Fed Speakers Weigh In: Good Policy Or Grandstanding?
Seems like everybody wants to get into the act … St. Louis Fed President Bullard and Fed Governor Waller call for stronger measures to fight inflation. Though we value free speech, should the Fed speak with one voice when it comes to monetary policy?
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Comments

Latest Comments
Inflation And Interest Rates: “Keep Calm And Carry On”
16 days ago

Correct, the market went up yesterday and gave more than twice back today. My post goes into a lot of detail about the inflation we are experiencing. Energy and food are not something easily regulated by Fed policy. It seems to me that the market has its knickers in a twist over the possibility that the Fed will induce a recession. BTW the economic research Bureau defines a recession as two consecutive down quarters of GDP. On the surface that type of slowdown does not seem to onerous. Meanwhile, the market is acting like we are heading into financial crisis number two, some sort of new pandemic, or a horrible black swan event. None of this seems to be in the cards right now except for the black swan. Since you can't predict them I will assume for the time being the next black swan is not just around the corner as the last one, the pandemic, was such a recent happening. I see the current cyclical bear  market where the very stretched technology sector has really taken it on the chin to be completely normal in the context of a secular bull market. Lots of great opportunities are being created in this panic.my advice is to keep the faith and take advantage of the fire sale prices. As for jobs regardless of the price of gasoline, former burger flippers wages have gone from $10 an hour to 20/$25 an hour probably still feel like they've died and gone to heaven. Due to demographics higher paid more experienced workers find it much easier to trade jobs to better higher paying positions today than ever. The fact that your stock prices have gone down, as usual, May not be indicative of what's going on in the real economy.

The current panic in stocks which seem to represent a great opportunity to keep the faith as well as pick up some very interesting bargains. Again I would advise you to read my post thoroughly. There is a lot of positive perspective in that post that I agleaned over the past 50 years as an investment professional.

thank you for your comment.

bk

Imminent Corrections And Other Things That Scare Us
8 months ago

Thank you Anne. Sorry about the late response but I do appreciate your readership.

bk

What’s Bugging’ This Market? Record Highs And No Celebrations
11 months ago

Thank you Michele. I appreciate you taking a look at the article.

Bk

The Death Of Oil
1 year ago

Wall street Wiz, my sense is that Mr. Newman was being facetious with his comment. Although I cannot speak for him I am pretty much in agreement with your bullish call on CVX.

The Death Of Oil
1 year ago

Craig, that’s kind of what it looks like.

Biden’s Big Lead Could Be Partly Behind Market’s Drop
2 years ago

Adam, thanks for your comment. I think the market likes huge stimulus and zero interest rates (Regardless of the party in power) into the forseable future much better than it Will have ever liked Mr. Trump.

“In A Stock Market Like This, Anything Could Cause The Next Panic”
2 years ago

Andrew, it is easy to be pessimistic in the media overload we get each day. Most of this is negative because it gets your attention. I think you need to step back and realize that 85% of people that get coronavirus do not go to the emergency room and they don’t die. The vast majority of fatalities a cure in the population above 80 years old and with prior Health issues.

So far there have been 3,138,000 test confirmed cases and 218,000 deaths. Which would give you about a 6% fatality rate. However there could be millions of cases That have been undiagnosed that could drop this fatality rate considerably. And this issue of undiagnosed cases is beginning to get more and more press. Importantly, you need to consider all the completely outrageously wrong predictions that were made over the past two months.

So far our current pandemic does not hold a candle to that of the Spanish influenza. Please take a look at this link. www.cdc.gov/.../1918-pandemic-history.htm

This too will pass. Coming out the other side we will be dealing with a huge amount of stimulus both monetary and fiscal. My sense is it’s going to have a very positive affect on the market.

Thanks for stopping by.

bk

A Postcard From The Bunker
2 years ago

Not really. In our democracy it is up to all of us to be critical Thinkers. Buyer beware!The sad thing is that the commander in chief is wired into the Fox echo chamber. The echo chamber always agrees with the commander in chief.That’s why we are in the position we find ourselves at today. Critical thinkers have no place at this table.

In this article: AER
A Postcard From The Bunker
2 years ago

Andrew they have never ever been our friend.Thank you Roger Ailes wherever you are.

In this article: AER
Coronavirus Panic: Time To Chill, Breath In And Breath Out … And Consider The Facts.
2 years ago

There was a point in time when the Chinese were having trouble getting tests, just like the United States, to test everyone. To compensate, anybody scanned with pneumonia like images were immediately classified as coronavirus cases and placed in the number. I presume subsequently they were tested.

As to the real number of coronavirus cases in China or anyplace else, the symptoms in many people especially the young are so minor, they won’t be tested. I am assuming if everybody actually had the virus we’re counted, The death rate would be much lower. So far in the United States at least as of last night most of the people who have passed away were residents of the same nursing facility.

I would agree with you that the numbers in the United States and anyplace else the viruses surfaced are probably much higher but the symptoms are much weaker in the young. Anyway, I think it is time to step back and reassess the panic. People in the most at risk group Should not go into crowds, should not take cruises, should not travel abroad. The rest of us should be washing our hands more often and start thinking about resuming normal activities. This is not the Spanish influenza.

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STOCKS I FOLLOW

AAPL Apple Inc.
ADRU BLDRS Europe 100 ADR Index Fund
AER AerCap Holdings N.V.
BNO UNITED STATES BRENT OIL FUND
BWF Wells Fargo Capital XII
BXUB Barclays Bank PLC
BXUC Barclays Bank PLC
CRF Cornerstone Total Return Fund
DBEU Deutsche X-trackers MSCI Europe Hdgd Eq
DBEZ Deutsche X-trackers MSCI EMU Hedged Eq
DBO PowerShares DB Oil Fund
DBUK Deutsche X-trackers UK Hedged Equity ETF
DDM ProShares Ultra Dow30
DEZU iShares Adaptive Ccy Hdgd MSCI Euroz ETF
DIA SPDR Dow Jones Industrial Average
DNO United States Short Oil Fund LP
DOG ProShares Short Dow30
DTO DB Crude Oil Double Short ETN
DWTI VelocityShares 3x Inverse Crude Oil ETN
DXD ProShares UltraShort Dow30
DXPS WisdomTree UK Hedged ETF
EEA The European Equity Fund Inc.
EEH ELEMENTS Linked to the SPECTRUM Large CAP U.S. Sector Momentum Index
EPS WisdomTree Earnings 500 Fund
EPV UltraShort MSCI Europe ProShares
EQL ALPS Equal Sector Weight ETF
EURL Direxion Daily FTSE Europe Bull 3x Shares ETF
EWU iShares MSCI United Kingdom Index Fund
GOOG Alphabet Inc. (Google)
MSFT Microsoft Corporation
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PERSONAL BLOG

Latest Posts
Are You Smarter Than A Computer?
The Fed is like a computer - garbage in, garbage out.
Blame It On The "Bern” … Really? Plus, The Dreaded Press Conference
I find myself incredulous about the severity of the declines the past three days.
Pre-Emptive Fed Strikes + Having It Both Ways
Just when you thought media/pundit commentary on the market and the economy couldn’t get anymore inane and stupid, they surprise you by plumbing a new depth.
Jeffery Gundlach - S&P Headed To New Lows
Commentary on the value of expert advice, especially that of Jeffrey Gundlach
A 'Bad Trip' Down Memory Lane
A look at the similarities and dissimilarities between the 1973-1974 market and the market we are experiencing today
Thanksgiving 2018–What I’m Thankful For
A short course on peace of mind when investing
An Amazing Prediction From 1796
George Washington saw USA 2018 coming over 200 years ago -- the evils of excessive partisanship.

Work Experience

Investor/Blogger/Speaker on The Media & The Market
Retired
December 2012 - Present (9 years 9 months)

I am retired but continue to manage my own money, blog and speak on the subject of stock market and the media reporting of business and economic matters.

Director Institutional Equity Sales
Well Fargo Securities
2007 - 2012 (5 years 7 months)

Sales -- Wells Fargo Institutional Equity Research and Trading services to Banks, Insurance Companies, Mutual Funds and Register Investment Advisors

Vice President Institutional Equity Sales
A.G. Edwards & Sons, Inc.
August 1990 - October 2007 (17 years 5 months)

Education

University of Wisconsin-Madison
Bachelor of Business Administration (BBA)
1966 / 1968
Marketing, Business, Management, Marketing, and Related Support Services

Publications