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Commentary from Art Cashin

From Art Cashin, UBS Director of Floor Operations, NYSE Friday, October 11, 2013 Originally, on this day in 1922, the German Central Bank and the German Treasury took an inevitable step in a process which had begun with their previous effort to “jump start” a stagnant economy. Many months earlier they had decided that what […]


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Cliff In The News: Cliff cited in Reuters

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 […]


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Euro Contagion

“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? […]


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Cliff In the News: Cliff cited in Reuters

Cliff Draughn was cited in a recent Reuters piece, published around the world: “What has been beginning to spook Moody’s and some other people is that Congress may be dumb enough to actually default on the debt,” said Cliff Draughn, chief investment officer of Excelsia Investment Advisors in Savannah, Georgia. “Clearly any instability of a […]


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Financial Jabberwocky – Congress, The Fed Reserve, and Markets

“Beware the Jabberwock, my son!
  The jaws that bite, the claws that catch!
Beware the Jubjub bird, and shun
  The frumious Bandersnatch!” From: Through the Looking Glass, and What Alice Found There Congress: I never did particularly care for Alice in Wonderland, watching her go down rabbit holes and discover the characters of the White King and Queen, […]


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Cliff In The News: Cliff cited in Financial Planning Magazine story

Cliff Draughn of Excelsia Investment Advisors was cited in Financial Planning magazine’s cover story this month. View the whole article here. “Some market inefficiencies will always exist, even in areas like large-cap U.S. stocks that appear to be unlikely sources of alpha, simply because investor behavior can be irrational at times. Take the dot-com bubble; […]