September has historically been the worst month for the market…

September 2, 2014, by John Norris

So with stocks near record highs, should investors be worried about a big September swoon once the Hampton Jitney returns to Wall Street after Labor Day? Many experts (including Oakworth's John Norris) say no. Here are 4 reasons why.

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Some Common Cents for August 22nd 2014

September 2, 2014, by John Norris

My brother-in-law absolutely loves the movie “Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb.” I like it too, but not quite as much as he does. Even so, while much of the humor still holds up today, or should, the younger generations probably get a little lost in the whole Cold War aspect of the film. Really? You were that worried about the Russians? To people born since 1990, that...

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End To The Economic Mediocrity In Site?

August 18, 2014, by John Norris

After years of what I would consider a mediocre overall economy, I have to ask: when are we going to see meaningful growth, if ever? This is killing the middle class. So, what can be done? I make a pretty fair number of economic presentations, and always tell audiences to expect subpar economic growth for the foreseeable future. That sounds more complicated than it actually is, because I am being necessarily vague. After all, while...

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Some Common Cents for August 15th 2014

August 15, 2014, by John Norris

This morning, I saw a headline which used the word surreal to describe the US economy. According to Merriam-Webster, the definition of surreal is: “marked by the intense irrational reality of a dream; unbelievable, fantastic.” This is apt. When I pour through the data and look at trends, I keep coming back to a modestly growing economy that is vulnerable to external shocks. In other words, yes, the economy is growing at a mediocre, but...

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Some Common Cents for August 8th 2014

August 8, 2014, by John Norris

On Wednesday, my wife and I dropped off her car to have her transmission fixed, good times. I mean that money was just burning a hole in my pocket waiting to get out. The guy who owns the shop is a fellow named Joe, who was born and lived the first 19 years of his life in Lebanon. He claimed to be 52. After we had worked out a price, we made small talk for...

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Argentinian Woes…Huh?!

July 31, 2014, by John Norris

Today wasn’t a very good day for the world’s investment markets. Bank woes in Portugal; a default in Argentina; conflict in the Ukraine and the Gaza Strip, and the specter of a less accommodating Federal Reserve have investors headed for the turnstiles. In and of themselves, the dollars amounts in Argentina and Portugal don’t amount to much on a global scale. The Palestinians and Israelis have been fighting each other for years, as have the...

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2Q 2014 GDP Numbers are in…

July 31, 2014, by John Norris

This morning the Bureau of Economic Analysis (BEA) announced the US economy grew at a 4.0% annual rate during the 2nd Quarter of 2014. This was better than expected. Further, it revised the 1st Quarter number to -2.1% from the previously announced -2.9%. Yet, the broad markets are largely in the red thus far today. Why is that? First, the better than expected release has many people think the Federal Reserve will continue to curtail its bond...

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Some Common Cents for July 11th 2014

July 14, 2014, by John Norris

This week’s consternation over Portugal’s debt issues led to me wonder: are we prepared for another global financial crisis, if it comes to that? The easy answer is no one is ever really prepared for one, that is why we call them crises. While I can cite any number of ratios, facts, and figures to support why the US financial system is in healthier shape than it was in 2007, on the eve of the...

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Some Common Cents for June 27th 2014

June 30, 2014, by John Norris

A few weeks ago, when the noise at the house was a notch below a roar, I needed to have a laugh or two to keep my hair from falling out. So, I did what I sometimes do in those situations, and went to The Onion’s website. For those of you not familiar with The Onion, it is a satirical website and publication, which spoofs contemporary society in an all too realistic manner. To that...

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Some Common Cents for June 20th 2014

June 20, 2014, by John Norris

This week, I was surfing the web, and stumbled across an article which delved into something called “DNA damage theory of aging.” How does that sound for dry? However, it wasn’t; in fact, I was engrossed. Let me give you the Wikipedia definition of the theory, and the address for the scientific paper from which it came ...Read On... The opinions expressed within this report are those of John Norris as of the initial publication...

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