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

I have been investing in stocks for over 60 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


Biden’s Big Lead Could Be Partly Behind Market’s Drop
Mr. Biden has promised to roll back the Trump tax cuts (a big plus for earnings). Should you sell if or before the Democrats take over? History tells us you shouldn’t let your politics dictate your investment policy.
Stock Market At The Crossroads–Buy, Sell Or Hold?
The stock market has done what most people did not expect. Now we are at a crossroads...
“In A Stock Market Like This, Anything Could Cause The Next Panic”
We need to impede the virus and get back to work. If we don’t, pressure on the financial markets will continue to bring us more events like the the workings of the oil market last week.
The Crisis Abates … Yeah, Right!
It is hard to believe that only fifty days have passed since the S&P 500 posted a record high of 3394. As of this past Thursday the index closed at 2790, down 18% on the year and up 28% from its March 23, low of 2192.
A Postcard From The Bunker
As I write this post I am hunkered down in my family bunker... My tongue-in-cheek intro should not minimize the health threat among us. It is serious, and it is causing and will be causing a tremendous short-term disruption to our lives and economy.
A Significant Change In Message Occurred Friday The 13th
The word from Washington has changed from the coronavirus is ‘no big deal.’ We can get through this biological tap on the brakes of the economy with monetary ease, a cut in payroll taxes and, a 30-day ban on flights from continental Europe.


Latest Comments
Biden’s Big Lead Could Be Partly Behind Market’s Drop
10 days 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 months 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.

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.


A Postcard From The Bunker
3 months 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
3 months 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.
4 months 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.

Coronavirus Panic: Time To Chill, Breath In And Breath Out … And Consider The Facts.
4 months ago

Yes Danielle that is correct. It is very fatal in the older and infirmed population and almost no threat to children. The only thing I might point out is that we are operating with a small sample that currently only holds about 114,000 people. I believe there have been somewhere in the area of 26 deaths (668 cases) in the United States, 14 of which occurred in the same nursing home.So again in the small US sample the death rate is running about 3.8% because of the outbreak in the nursing home. The 26 may also include additional people from the nursing home. I’m not certain if the media is helpful in breaking this out.

Thank you for your comment.


Coronavirus Panic: Time To Chill, Breath In And Breath Out … And Consider The Facts.
4 months ago

JAMES, thank you for the perspective. I concur. Regarding the coronavirus, the media is both a blessing and a curse. On the plus side it’s getting people to take protective action. On the minus side, because bad news sells it is scaring the hell out of people.

In the last pandemic, the Spanish influenza, we did not have the kind of communications available today. I think about a third of the US population caught that influenza and 2%+ died. As it pertains to that particular influenza, as the virus began to wind down in 1919, The Dow Jones industrial average hit a new high of 118.

Thanks for checking in.


Coronavirus Panic: Time To Chill, Breath In And Breath Out … And Consider The Facts.
4 months ago

Thanks for your comment Kevin. I just responded to your concern in my response to Ayelet Wolf above. I would say unlike China, our population is well aware that the disease has come to our shores. Mini are taking significant steps to lessen their chances of getting the disease. Health professionals are very vigilant for new people presenting with symptoms and, in the final analysis, we are dealing with a crisis of confidence in the administration’s ability to Deal with this problem. Then of course you have to look at the OPEC price war and its affect on energy stocks. For as long as it lasts, it will be a significant stimulus because it will put money in the pockets of consumers that have been shipping it elsewhere. Also, they use the rate on the 10 year government to establish mortgage rates. This should help a lot of people refinancing. As Mr. Roosevelt said, the only thing we have to fear is fear itself.”

Thanks for stopping by.


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AAPL Apple Inc.
ADRU BLDRS Europe 100 ADR Index Fund
AER AerCap Holdings N.V.
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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Latest Posts
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
December 2012 - Present (7 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)


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