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Media
Matters
Dave was quoted in the Wall Street Journal on Wednesday in
an article titled, "Upside
of Down? Selling Stocks for Tax Losses." Among other
things, he noted that portfolio rebalancing is "one of
the most powerful ways to surf this chaos."
New Webinar
Scheduled
We've scheduled another webinar for
Tuesday, April 2 (we had to push the date back a bit
from our original announcement. We plan to address
current economic conditions and the outlook going
forward. Keep an eye on your inbox for more
details.
Volunteer
Work
The Financial Planning Association
(FPA) asked Elissa and Dave to facilitate a national
conference call today under the heading "Uncertain Times:
Peer-to-Peer." This is the second national conference
call hosted by Elissa and Dave for FPA members who
are struggling with how to cope with the current difficult
times.
Identity Theft and
LifeLock
Just
a reminder that we’ve posted an article on our website
("Guarding
Against Identity Theft") on how to protect
yourself from identity theft and have also negotiated a
discount for you, your family members and your friends to
enroll in the LifeLock® service. We've posted a complete
description of the LifeLock system on our website (About
LifeLock®).
Although
the many clients who have already taken advantage of this
offer reported that signing up was easy, you should feel free
to contact Marcia by phone (1-800-772-1887) or email (marcia@yebu.com) if you have
any problems.
Use
Promotion Code: YESKEBUIEEMP when you enroll online, to
obtain your discount.
How to Get
Help
And don't forget that our updated client page (http://www.yebu.com/portal.htm)
offers a full list of who does what and who you should contact
for help with various issues. Contact numbers and email
links are available from that page as well.
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Weekend
Reading
Here are a few of the more interesting
(and in some cases amusing) items that found their way into
print over the past week.
Adam
Smith Gets the Last Laugh.
Humorist P.J. O'Rourke, who recently published an
insightful examination of Adam Smith's 1776 opus, The
Wealth of Nations, writes in the Financial Times that
"Smith spotted the precise cause of our economic calamity
not just before it happened but 232 years before – probably a
record for going short."
Defending
Obamanomics.
Economist Laura Tyson defends the new administrations
proposals in the pages of the Wall Street Journal.
Ouch!
That Hurt!
Writing in Barron's this week, Andrew Bary explains why
stocks are cheap relative to book value, U.S. economic output,
gold, or earnings. Included is a good explanation of why
"average" price-to-earnings multiples aren't a helpful guide
unless you consider the full economic context.
Down
Markets and Dumb Economic Myths.
John Tamny exposes the false assumptions about housing,
recessions, the dollar, free trade and public debt that have
rapidly become our new conventional wisdom.
Some
Myths About Banks
In a New York Times editorial, Bank of America CEO Ken
Lewis rebuts the idea that nationalization is good, banks
aren't lending, and other crisis myths.
What
does one TRILLION dollars look like?
And just for fun, here's an interesting illustration of
what one trillion dollars in one hundred dollar bills would
look like (hint: it won't fit in your garage).
Quote of the
Day
"The reason no one can name the three most successful
market timers of all time is because they don't
exist."
Bruce A. Weininger, writing in
Financial
Advisor Magazine
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