Taking Advantage Before Year-End

Via Mark J. Grant, author of Out of the Box, “The substance of the eminent Socialist gentleman’s speech is that making a profit is a sin, but it is my belief that the real sin is taking a loss.”                   -Winston Churchill  Losses come in two general forms; mistakes and market reactions. While the media concentrates on the equity markets and dividends and puts and calls and all manner of things related to stocks one of the real winners of this year has been the bond markets. The compression has been extraordinary and whatever index you choose will bear this out. Compression as caused by the flooding of the world with money by the central banks is the real cause of this and as we enter the end of the year some thought should be given to your positions. The “dangling participle�...