Dear Friends,
Please know you are in my prayers during this coronavirus disruption. I pray that God keep you healthy and provide for your needs.
Today, I’m going to step away from a post about stocks although there is surely much to say there. The traffic at my website e-mail has increased notably in this downturn and the economic situation is surely of concern to us all. […]
Hey Friends, I hope you are well!
Go HERE to read my blog post on the coronavirus and the stock market from February 22. Little did I know that the stock market crash would start on Monday, the next trading day that followed the post. We’ve witnessed an amazing free-fall since then over the past 3 weeks. […]
Hey Friends,
It seems that the present coronavirus is not well understood by experts like the World Health Organization (WHO). Go here to read some of the latest news. […]
Hey Friends,
Perhaps you’ve read some of the research on the application of accounting rules to “smooth” earnings. What is meant by smoothing earnings? Here’s a good description:
“Income smoothing is the shifting of revenue and expenses among different reporting periods in order to present the false impression that a business has steady earnings. Management typically engages in income smoothing to increase earnings in periods that would otherwise have unusually low earnings. The actions taken to engage in income smoothing are not always illegal; in some cases, the leeway allowed in the accounting standards allows management to defer or accelerate certain items.” […]
Hey Friends,
I hope you had a wonderful Christmas and will have a healthy and meaningful 2020. There’s bad weather in my area as this post is written but it has almost passed now. Power outages are widespread but that’s an inconvenience. If no harm has come to life and limb, that is cause for rejoicing! […]
Hey friends. I’m sure most of us have heard the phrase at Christmas that “Jesus is the reason for the season” many times. It’s true and far more than a cliche or adage. From the Berean Study Bible, this is what we find in the gospel of Matthew, Chapter 1, verses 20 through 21:
…20But after he had pondered these things, an angel of the Lord appeared to him in a dream and said, “Joseph, son of David, do not be afraid to embrace Mary as your wife, for the One conceived in her is from the Holy Spirit…21She will give birth to a Son, and you are to give Him the name Jesus, because He will save His people from their sins.”
[…]
Hey Friends,
As Thanksgiving arrives once again, may we truly experience a heart of gratitude for all God has done. I’m thankful for each of you and hope you have a wonderful Thanksgiving.
Till next time,
Paul
Hey Friends,
If you compared index charts like the S&P (SPX) or Nasdaq (COMPQ) to biotech index symbols like IBB or XBI at a site like Stockcharts for the past 1 year or 2 year periods, you’d see that biotech has floundered while the overall market has soared. I have some thoughts as to why this has occurred. […]
Hey friends. Having spent my career as an accounting professor, I’ve often come across people who, when they hear the term “accounting,” respond abruptly with “I hate math.” Indeed there is a fairly broad misconception that accounting is primarily about math and is therefore a hard and unpleasant subject to learn or discuss. Let me explain. […]
Most have heard and sung the words of John Newton’s “Amazing Grace.” The familiar first verse goes:
“Amazing Grace, How sweet the sound
That saved a wretch like me
I once was lost, but now am found
T’was blind but now I see.” […]
