Archive

2012
- - - - - - - - - - - - - - - - -

February

  3rd  8.3%
  1st  Two markets...two tales

January

  30th  The Dividend Play
  26th  If you want less of something, tax it!
  19th  The EPA
  12th  Blinding glimpse of the obvious
  11th  Hypothetical PE
  9th  Skepticism rules
  4th  Good Start
  2nd  Tumultuous 2011 comes to an end.

2011
- - - - - - - - - - - - - - - - -

December

  22nd  A Tax Holiday
  15th  Best House on the block.
  14th  Looking for another fix.
  13th  Forcasting Hurricanes...and Markets
  7th  déjà vu all over again!
  1st  Uncle Ben to the rescue???

November

  22nd  Bring a case of beer to a fraternity house.
  17th  Is Washington getting the wrong message?
  14th  Kicking the can, again and again and again.
  8th  Great Mystery

October

  31st  Euro Doubts...already!
  31st  MF Global Bankruptcy
  28th  Most Solid!
  28th  Who's hair got cut?
  27th  Euro Relief...for now!
  26th  New "Offer" from Bondholders
  26th  Get out of the way!
  25th  Wishful Thinking
  24th  Earnings continue to roll
  21st  Memphis City Blues
  21st  What spemding cuts?
  18th  Rhetorical Question
  14th  Tanning Beds and the "Mega Rich!"
  12th  So what's changed?
  5th  Who's on first
  5th  Headline

September

  29th  It could be worse!
  28th  Remember the first TARP vote
  26th  Desparate for something
  19th  Good News...Italy downgraded?
  12th  Message to Greece
  6th  Ping Pong
  2nd  Zero!

August

  25th  I love Goolllddd!
  22nd  Set up for disappointment?
  19th  No Vote of Confiedence
  11th  Scared to death...Good!
  9th  Doing the job for the Fed!
  9th  Over/Under Answer
  9th  5 Reasons to still like stocks
  8th  Over/Under
  8th  Got Stimulus?
  8th  Reaction to Downgrade?
  4th  Ironic
  4th  Wake Up Call
  2nd  Putin...Economic Expert
  2nd  It's a deal! A very modest deal!

July

  28th  Greece, here we come!
  26th  Calling the bluff.
  21st  The player to be named later
  19th  Too Negative?
  15th  The exact time and date of default
  15th  Lucy at the Fed
  13th  Where's the Trust Fund?
  12th  Freddy Kruegar...He's baaacck!

June

  30th  I am not a math major.
  30th  Amazing Resilency, but battle just beginning
  24th  Who's the Evil Speculator now?
  22nd  The Consequences of Risk
  21st  What's the point of having a limit.
  15th  The Behavior of Petulant Children
  13th  Big Numbers Week
  9th  OPEC's Fraternity House
  9th  Good News Rally?
  7th  Bond Market Battle Royale
  3rd  Extending the extended period of time.
  1st  It's conclusive, we are in a slowdown.

May

  30th  More than a day off
  23rd  Kidding ourselves?
  23rd  What is the bond market telling us?
  18th  The pause that refreshes
  13th  Hooray! Oil is only $100 a barrel.
  11th  Confused...again
  6th  Shouting Fire!
  5th  Big Report
  5th  That was quick!
  3rd  Avoid Complacency
  3rd  Great News

April

  28th  Low Interest For Ever! No Way...Way!
  27th  What time will you be home?
  26th  Bernanke Watch
  25th  QE 2 and 1/2
  20th  Willie Sutton: "Because that's where the money is!"
  18th  Hey, wait a minute!
  18th  S&P Realty Check
  13th  I feel strongly both ways!
  12th  End of the Oil Trade?
  7th  When is a limit a limit?
  6th  Raising rates for the Fed.
  1st  Energy Policy

March

  31st  Recovery or Bubble
  31st  Budget Battles
  29th  Mixed Signals
  25th  Incredible Resiliency!
  18th  Dominating Headlines
  17th  Opposite
  16th  Uncertainty Rules
  15th  Market Timing Folly
  14th  Japan Energy Aftershocks
  11th  Where is John McEnroe when you need him?
  10th  Market Weakness
  4th  Uninspiring Unemployment Number
  2nd  I'm shocked...Part II

February

  24th  The Devil you know...
  17th  Slow and Steady
  8th  Global Unsynchronicity
  4th  Damn the snow!
  1st  "I'm shocked, shocked to find that gambling is going on in here!"

January

  31st  Look! Another Black Swan
  27th  Baby Sitter for Nassau County
  26th  "too risky for the private sector"
  26th  Ignore the man behind the curtain!
  25th  Big Raise and a Freeze
  21st  Muni Madness
  20th  Beating Drums
  14th  "Strategic"
  10th  Unintended Consequences
  7th  Disappointing Employment Number
  5th  Setting up for Friday
  4th  USA! USA!

2010
- - - - - - - - - - - - - - - - -

December

  22nd  Census Movement
  17th  Tax "Cut" Hyperbole
  16th  Where's the bond money going?
  14th  Business as Usual
  10th  The Sport of Kings
  8th  The Great Tax Compromise
  7th  Three people can keep a secret...
  6th  100% Confident
  3rd  Time for a cheese burger
  3rd  Jobs disappointment
  2nd  Not all Central Banks are created equal
  1st  There really is some good news out there.

November

  22nd  Everything was fine a week ago.
  18th  Time for Root Canal Surgery!
  10th  Ignoring History
  8th  Let the trade wars begin!
  5th  Confused...again!
  4th  For Better or Worse
  2nd  Diving into the deep end of the pool.
  1st  Election Day Set-up

October

  26th  Actions speak louder than words
  20th  Where are the equity investors?
  19th  Currency Games
  19th  What was that?
  15th  If a tree falls in a forest...
  15th  Lending to yourself
  14th  Could this be the beginning?
  12th  Will Housing ever bottom?
  8th  More Disappointment
  1st  Freddy Krueger

September

  29th  So, I guess I'm Stupid!
  28th  Bernanke's Put Option
  20th  Another Solution
  16th  The govenrment giveth...and taketh away.
  15th  Retirement Blues
  14th  Money in the Mattress?
  9th  Targeted and Temporary
  3rd  Better Unemployment Number
  2nd  The "Safety of Bonds" Myth
  1st  Just like that!

August

  31st  Ugly August
  30th  Bright Side of Double Dip Fears
  27th  All eyes on Wyoming
  26th  Lack of Business Confidence
  24th  Are bonds forecasting a double dip?
  17th  Are rates too high?
  12th  Slowdown?
  10th  Fed Day
  6th  Another disappointing Jobs Report
  4th  RAMMING SPEED!!!

July

  29th  Still tough sledding ahead.
  26th  Fading Double Dip Fears.
  23rd  Everyone passes...I'm shocked!
  22nd  The trend continues
  21st  Tumbling Walls
  20th  Diappointed Market
  13th  Off to a good start!
  13th  Long live the Boss
  9th  Something to look forward to?
  8th  Negativity
  7th  Scared Bond Market
  7th  Premature Legislation
  6th  Double Dipping?

June

  29th  Worried about the future?
  28th  G20 Clarity
  23rd  One Confused Market
  21st  Currency Politics
  18th  Political Theatre
  16th  BP cuts the dividend
  15th  Good News Continues
  9th  Cutting BP's Dividend?
  8th  Energy Reality Check
  4th  Ugly Unemployment Number
  2nd  Strong Day
  2nd  And more good news...
  1st  More Good News

May

  28th  Analyzing Unemployment
  27th  Where are they going to go?
  26th  More Positives
  24th  Something Positive
  21st  Feeling sorry for the Germans
  20th  Disbelief
  13th  The new reserve currency.
  11th  Seven Dirty Words!
  10th  Delaying the Game.
  7th  Just when you thought it safe to go back in the water!
  6th  Greece Fire!
  4th  Market Correction
  3rd  Government Goose Egg!

April

  30th  In Praise of Derivatives
  27th  Euro Contagion
  23rd  You can't be serious!
  19th  Definition of a Market Maker
  13th  Lackof Small Business Confidence
  8th  China Thaw
  6th  A sign of things to come?
  5th  Why are intrest rates rising?
  2nd  Good Employment Report

March

  31st  Interesting Next Few Days
  30th  Slow and Steady
  25th  Tightening for the Fed
  23rd  Healtcare Impact
  19th  Taxing Investment
  18th  Risk trade Game on!
  16th  Encouraging News
  11th  They're Back...Again...Evil Speculators!
  9th  Happy Anniversary!
  8th  I want my OSCARS!
  2nd  Beware the Snowman

February

  26th  Tough Week
  18th  SURPRISE!
  16th  Watch the Trend
  12th  Tightening without Tightening
  11th  Declaring Fiscal Emergency
  4th  Blame the Greeks!
  2nd  Are stocks back?

January

  28th  The Accuracy of a Weatherman
  27th  Monday Morning Quarterbacks
  26th  Do these guys talk to each other? Part II
  22nd  Do these guys talk to each other?
  21st  Outragous Severence Package
  21st  Forced Exit Strategy
  19th  Stunning Upset...Good for Stocks?
  19th  Bond Buyers beware!
  15th  Politics at its worst.
  14th  Something is missing?
  13th  Wow! A productive meeting in D.C.
  12th  "Targeted"
  7th  Are higher rates good for stocks?
  6th  The most powerful force in the universe!

2009
- - - - - - - - - - - - - - - - -

December

  31st  Remarkable Roller-Coaster Ride of 2009
  28th  Climbing the Wall of Worry
  22nd  Who will fine the FAA?
  21st  Double Diamonds
  16th  Still searching for an exit strategy
  15th  "Fat Cat" Bankers
  10th  Economic Bully
  8th  Discipline Disappointment
  7th  The door has been opened.
  4th  The end of the gold rush?
  2nd  Where are the jobs?

November

  27th  The world is still a dangerous place
  24th  The Return of the Multinationals
  23rd  I'll take the devil I know.
  20th  Someone is going to be horribly wrong!
  19th  Let me get this straight?
  17th  Headline vs. Pipeline Inflation
  12th  Political "Tools"
  6th  10.2%!
  4th  Defining "Extended"
  2nd  Cash, Cash, Everywhere

October

  30th  VIX Complacency
  29th  Gyrations
  27th  "Public" Competition
  26th  The Yankees win! Theeeeeeeeee Yankees win!
  23rd  Earnings Surprise
  22nd  I'm Confused (again!)
  19th  Age of Enlightenment
  16th  The Market's Mixed Bag
  14th  Dow 10,000!
  13th  Rate Fatigue
  9th  Look how much I saved!
  8th  Reason for Optimism
  7th  Death of the Consumer?
  2nd  Economic uncertainty heading into earning season

September

  29th  Merger Mania?
  25th  Those Ivy geeks ain't that smart!
  23rd  Fed Day. Calling all English Majors!
  21st  Beware "Mini Bubbles"
  18th  Correction Time
  15th  Employment Blues
  11th  Let's Go Red!
  10th  Inflation or Deflation Threat
  9th  Government Competition
  8th  Mixed Market Messages
  4th  Ugly Headline...Better Trend
  3rd  Unemployment Airwaves
  2nd  September Blues

August

  31st  China Syndrome
  26th  Obama Dilemma
  25th  Bernanke Returns
  24th  V vs. W
  21st  Double Dip Worries
  20th  Better Deficit Numbers?
  19th  Oil up...Equities up?
  18th  Financial Media Bias
  17th  Recovery Catalyst?
  14th  Interpreting Bond Auction Results
  13th  Good New...Bad News
  12th  Fed Day
  7th  Oil Market Message
  3rd  Cash for Clunkers

July

  31st  Impressive Performance
  29th  They're Back!...Evil Speculators
  28th  Economic recovery?
  27th  Healthcare Reform and the Rally
  21st  Trust Me!
  17th  Good Earnings for Banks?
  15th  Cutting to the bone?
  14th  "Cha-Chingo!"
  10th  Three Strikes&You're Out!
  9th  The Latest and Greatest
  7th  Good News?
  6th  Earnings Season
  3rd  Life Liberty and the Pursuit of Happiness.

June

  30th  No longer a wind in our face.
  29th  If no one is worried, I'm worried!
  24th  Between a rock and a hard place
  23rd  Tug of War
  19th  Need for More Stimulus?
  18th  Who will regulate the regulator?
  17th  Who will regulate the politicians?
  15th  Uphill Climb to get more difficult?
  11th  Failing to learn from history?
  9th  Good News&Bad News
  4th  How do you reduce the deficit?
  3rd  GM Bankrupt&Dow up 200?
  1st  Bipolar Disorder

May

  29th  Free Market Failure?
  27th  The Return of the Bond Vigilantes
  27th  GM Bankruptcy
  26th  Confidence vs. Spending
  22nd  Remember
  21st  $40 Billion
  20th  Armageddon Shelved
  15th  Support your national park.
  14th  Sitting on the fence.
  7th  Bond Auctions and Budgets
  1st  Delaying the Stressed Out Game.

April

  29th  Bad News...Good News
  24th  Too Much or Too Little Credit?
  23rd  A "Stressed" Catch 22
  21st  "ONLY" Part II
  20th  "ONLY"
  17th  A Tale of Two Markets
  7th  Managing Expectations
  3rd  Bad number...Flat Market

March

  31st  Running GM
  30th  CEO Exit
  25th  A Sure Bet
  23rd  Finally, A Plan.
  20th  March Madness
  16th  Happy Anniversary Bear Stearns
  14th  Chinese Premier wags his finger.
  11th  Get Shorty!
  5th  Looking for the light.
  4th  Econ 101
  2nd  Fingers in a dike.

February

  27th  Now that's a revision!
  26th  A Full Plate
  23rd  Piece by Piece
  20th  Baseball and Banking
  13th  The Definition of "Bipartisan."
  13th  Targeting the Problem
  10th  Hurry up and wait!
  9th  You can't make this up!
  6th  Ugly News...So why is the market up?
  4th  Slippery Slope
  3rd  Uncertainty rules for the moment.

January

  30th  The Evil of Profit
  27th  Time Release Capsule
  26th  Death of the Buy and Hold Strategy.
  24th  In the name of "Stimulus"
  21st  Delaying the Game.
  20th  Power Transfer
  15th  I wish I were an English major.
  13th  Going Green in Detroit
  9th  Weakening Economy
  7th  Overseeing the Overseers.
  6th  Forecast Folly
  5th  Hey, It's a start!

2008
- - - - - - - - - - - - - - - - -

December

  31st  2008 What a Year!
  23rd  Bailout Satire (Sadly, not far from the truth!)
  18th  Dollar Demise
  17th  Madoff Madness
  16th  WOW! Throw the Kitchen Sink, Ben!
  15th  Who is dependent on Oil?
  12th  Auto Disaster?
  11th  Armageddon v. Road to Recovery
  10th  Washington Hubris on Display
  9th  Zero Percent!!!????
  9th  Unintended Consequences
  5th  Ugly Unemployment
  4th  Defining Risk
  2nd  Great News! We are officially in Recession.
  1st  Buyer's Strike

November

  20th  Beware of "Average" Returns
  17th  Credit markets improve, caution still prevails!
  12th  Banks Not Lending????
  7th  Looking Forward
  5th  All things being equal...
  4th  Happy Election Day!

October

  28th  Consumer confidence is down? What a shock!
  27th  There is something different this time?
  22nd  Hey, It's Cheap! (I think?)
  20th  Got Steroids?
  17th  Credit markets are improving...slowly.
  16th  The Death of Equities?
  13th  It's still volatility when it goes up 936 points!
  10th  What a Difference a Week Makes!
  9th  He did it...No he did it...No she did it...No the dog did it!
  8th  Return of the Shorts
  8th  Irrational Pessimism
  6th  ALL BANKS ARE NOT CREATED EQUAL.
  2nd  Main Street vs. Wall Street II

September

  30th  Main Street vs. Wall Street
  29th  Embarrassing
  29th  Imminent vote, Long-term Fix
  26th  Alphabet Soup
  25th  $700,000,000,000.00
  24th  Who came up with this one?
  24th  No matter what happens, We (the taxpayer) are on the hook.
  23rd  CAUTION: Politician in front of camera!
  23rd  Media Nonsense
  22nd  Life (on Wall Street) as we know it...is over.
  21st  It's not the Gun, It's the User
  19th  The Seatbelt Sign is still on.
  19th  Bernanke and Paulson use the Bazooka!
  18th  Is this time different?
  17th  The Seat Belt Sign Is On
  17th  Down 450! Is there any light at the end of the tunnel?
  17th  It's Cool to be a Commercial Banker?
  17th  Booing at the NYSE
  16th  The Energy Seesaw
  15th  Energy Price Movement
  14th  How Many Egg Baskets Does It Take?

KEN ENTENMANN, CFA
SENIOR VICE PRESIDENT AND
THE DIRECTOR OF INVESTMENT MANAGEMENT SERVICES

Ken is a Senior Vice President and the Director of the Trust and Investment Services at Alliance Bank, N.A. He has more than 25 years of investment experience and oversees the management of assets totaling $1 billion. He holds a B.S. in Applied Economics and Business Management from Cornell University and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester. He has also earned his Chartered Financial Analyst designation. He is a member of the Executive Committee of the Trust Division of the New York Banker's Association. He is also a director of the Central New York Community Foundation.



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The opinions expressed here do not represent the views of Alliance Financial Corporation and Alliance Bank, N.A. This communication is not an offer or solicitation for the purchase or sale of any security, is for general informational purposes only and does not provide personalized investment advice. When making personal investment decisions you should consult your investment adviser or rely on your own research. Copyright 2008.