Some Common Cents for April 14th, 2017

April 19, 2017, by John Norris

A couple of weeks ago, we raised a little cash in the vast majority of our client accounts. In the grand scheme of things, it was relatively minor across the board. While we would ordinarily send out an email detailing our actions, we didn’t this time as we didn’t want anyone to misprocess our actions as “the sky is falling.” Thus far, the trade has been mostly a wash in terms of overall portfolio performance....

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Norris: Driverless cars may be in demand soon

April 11, 2017, by John Norris

Recently, a client asked me the difference between consumer staple and consumer discretionary stocks. I told them a consumer staple company makes those products and services you have to buy, and consumer discretionary ones make that which you want to buy. The examples I gave of each were Proctor & Gamble and General Motors respectively. They told me they hated the car industry as an investment, and gave me a laundry list of the usual...

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Some Common Cents for April 7th, 2017

April 7, 2017, by John Norris

You would think 60 Tomahawk missiles into a Syrian airbase might cause some consternation in the world’s financial markets. I certainly thought so last night when the news came across the television. In fact, the first thing I did was look at stock futures and the Asian exchanges to see how they were responding. At the time, they wobbled a little, but not as much as I would have thought. This morning, it would appear...

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Column: Norris: Alabama’s economy is underperforming

April 4, 2017, by John Norris

According the St. Louis Federal Reserve, the Gross State Product for Alabama in 2015 was $178.566 billion, in constant 2009 dollars. That is a fancy way of saying when adjusted for inflation using 2009 as the base year. Using that same technique, it estimates our GSP was $171.723 billion in 2005. The good news is we have increased our economic output over the last decade. The bad news is we haven’t increased it by very...

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