Category Archives: Uncategorized

This article first appeared in the June 7 week-in-review note to Kelly Letter subscribers. We’ve owned shares of Microsoft for almost seven years — with nothing to show for it. I’ve been wrong on the stock, and something is wrong at the company. What is it? Microsoft has been a non-innovator from the start, so […]

It’s hard to miss the long-term supply and demand pressures that will push oil prices higher. Almost every investor is aware that oil supply is getting harder to find, while oil demand from growing economies is rising. Furthermore, underinvestment in oil industry infrastructure leaves open the door for an energy shock if a global economic […]

Thomas asked, “Are you guys worried about rising interest rates?” Yes, very. Wednesday of last week saw a rough 5-year bond auction that sent 10-year yields higher, to 3.70%. That was the high of the year, and it got traders talking about whether the government had lost its ability to keep rates down. Remember, the […]

Today’s article comes courtesy of frequent contributor Dave Van Knapp. His site, SensibleStocks.com, is chock full of clear-headed ways to pick stocks and explains the oft-unappreciated role of dividends. This Rally Is Sustainable by Dave Van KnappSensibleStocks.com The blogosphere is full of pundits trashing the current stock market rally. I wrote an article several weeks […]