Top Gun Financial Planning Archive

A Tale of Two Stock Markets – The Internet Economy Versus The Real World Economy

We are, and have been, in a secular shift away from physical living towards online. I recently read a tweet that said COVID-19 has massively accelerated this trend. Earnings reports from the last couple of ...
Posted by Greg Feirman  ·  No Comments »

The Top Is Probably In

Let's flashback to March 2000 when the Dot.com Bubble topped. The NASDAQ closed above 5,000 twice - Thursday 3/9 and Friday 3/10. And that was it. Today, the NASDAQ closed above 10,000 for the first ...
Posted by Greg Feirman  ·  No Comments »

America on the Brink

George Floyd died at a moment of extreme dysfunction in American political life. Relations are so poisonous and so polarized between the parties that we are not seeing the kind of bipartisan meetings on Capitol ...
Posted by Greg Feirman  ·  No Comments »

Understanding The Consensus View And Why It’s Wrong

The consensus view is that this crisis is all about the coronavirus. Once the coronavirus is contained, markets will bottom, if they haven't already, and we'll rally into year end, eventually making new highs as ...
Posted by Greg Feirman  ·  No Comments »

Rethinking My S&P Price Target Under Civilizational Breakdown

The more I think about, the more inclined I am to think that we are heading for Civilization Breakdown, due to the collapse of the dollar as a medium of exchange, like Germany in the ...
Posted by Greg Feirman  ·  No Comments »

The Evolving Late Stage Bull Market

Last week, James Mackintosh had an interesting article in the WSJ about the stealth bear market. His main point was that stocks have essentially gone nowhere since Jan 26, 2018.  Digging a little deeper, he ...
Posted by Greg Feirman  ·  No Comments »

The Everything Bubble And The Second Great Depression

The importance of Apple to the foundation of the everything bubble cannot be overstated - Kevin Duffy, Co-Founder, Bearing Asset Management The last few months have witnessed the return of volatility. The S&P is down 14% ...
Posted by Greg Feirman  ·  No Comments »

Confessions of a Frustrated Fund Manager

NOTE: Every week or two I write a Client Note for my clients. I post most but not all of the notes to my blog but with a time delay usually between 1 day and ...
Posted by Greg Feirman  ·  No Comments »

Why This Bull Market Could Be On Its Last Legs

Yesterday, the Federal Reserve decided to keep the federal funds rate at 0.25%-0.50%.  Since then, markets have soared as investors celebrate the continuation of easy money.  However, the Fed also fairly clearly telegraphed a rate ...
Posted by Greg Feirman  ·  No Comments »

Some Caveats On The Retail Recession

NOTE: Every week or two I wrote a Client Note for my clients. I post most but not all of the notes to my blog but with a time delay usually between 1 day and ...
Posted by Greg Feirman  ·  No Comments »