Dalton — As I write this column, the federal funds futures markets point to a 30 percent chance that the Fed will cut rates June 19 and an 86 percent chance that they’ll be lower July 31. I’d guarantee you that the Fed won’t be cutting this week, but since there are no guarantees in this business, I’d say the odds of a cut this week are about the same that little green men from Mars built the pyramids.
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Financial advisors are the worst
by Allen Harris
Financial advisors are the worst. And that’s coming from the guy who owns a financial advisory firm. There are shades of “worst” for sure. For example, a couple decades ago, Paul Allen, co-founder of Microsoft, was being grilled...
Will pot stocks go up in smoke?
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Today, medical marijuana is legal in 33 states, while recreational marijuana is legal in ten states, plus the District of Columbia. Although there has been progress, little of the recent enthusiasm and hype over pot stocks will come...
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by Bill Schmick
Sometimes too much good news can be interpreted badly. Take the U.S. central bank’s about face on monetary policy late last year. That was good news and investors responded by bidding the stock market up by 20%. But...