“We have two classes of forecasters. Those who don’t know – and those who don’t know they don’t know.” – John Kenneth Galbraith I have remarked in prior first-quarter newsletters that, somehow, this is about the only time of year when most people reflect on the past, ponder the present, and plan/predict the future. The [...]
“At first you are so sick you are afraid you will die, and then you are so sick you are afraid you won’t die.” – Mark Twain “Oh God, please just get me off this boat and back to the dock. Please God, just get me back to land.” – Cliff Draughn There are certain [...]
Our president, Cliff Draughn was cited in a recent Reuters news article commenting about the Greek debt crisis. From the article: “Right now, the market just reacts to whatever rumor and whim is out there, going back and forth. What is Greece going to do? What is Germany going to do? What is Merkel saying, [...]
Our president, Cliff Draughn was cited today in a Reuters article about the tumultuous last couple days in the market. Read the full article here. Cliff is quoted near the beginning of the article saying: “You had a cataclysmic sell-off in the marketplace,” said Cliff Draughn, president and chief investment officer at Excelsia Investment Advisors [...]
“A nickel ain’t worth a dime anymore.” Yogi Berra In my newsletter “Bubble Liscious” in January of this year I cautioned that one of the risks on the horizon that was being ignored was the potential of a credit crunch in the European markets; particularly the banks. From “Bubble Liscious”: Is the euro in danger? [...]
Palinize: “To avoid giving any substantial answer to a factual question, by means of cobbling together meaningless platitudes; to attempt to fool listeners and distract their attention by pandering to their prejudices and using one’s charm or attractiveness.” America is being palinized by total lack of leadership and responsibility from both political parties on Capitol [...]
