Recent News

Lies, Damn Lies, and Charts

A comparison of the S&P 500 Index in 1929 just ahead of the stock market crash to the performance of stocks from 2012 through today has been making the rounds on the internet. The implication by the bears is that stocks are poised for an epic crash. Click here to...

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Less Defense?

We believe defense spending, after a rebound in the first quarter of 2013 on the heels of the big drop in the fourth quarter of 2012, is likely to be flat in 2013. If Congress can agree to substantial cuts in defense spending as part of an overall budget deal (an...

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