Kaye Riggs, Author at Saint Francis Capital

I’ve been eyeing this market mini-rally we’ve experienced of late with a bit of a jaundiced eye. Wall Street is subject to the same emotions as the rest of us (i.e. “greed/fear”) and it was on full display this afternoon as the President twittered the end of stimulus discussions for now. Since “THE MARKET” had…

As I write this, President Trump has just been transported to Walter Reed Hospital in Washington, D.C. as a “precaution”. Since the statement was likely written by “Washington-speak”-ers, I have no idea if the President is clinging to life or was merely “transported to Walter Reed Hospital in Washington, D.C. as a ‘precaution’”. In any…

“You can close the book on [September]… Thank God!”Harry Doyle – “Major League” Harry Doyle—a man for our times and sorely needed today if you ask me. Is he still in Cleveland? So, anyway, if you’re like me—and just why wouldn’t you be, huh?—September can’t disappear over the horizon fast enough. While we certainly expected some…

September 4, 2020 Yesterday and today saw the sell-off of a good portion of the NASDAQ—which just happens to be where a good deal of our portfolio holdings are. And we took it on the nose—and other body parts, too. (Not sure yet, I’m still checking the damage, but I need a full-length mirror to…

August 26, 2020 “Don’t Mess With Laura…” If you are anywhere near the Gulf Coast, please get out now. The storm-surge estimates are getting alarmingly high now and I don’t really want to remember you because you are no longer with us. My wife lost EVERYTHING in Hurricane Ike (she lived in Galveston at the…

June 26, 2020 “I Didn’t Like the Set-Up…” You may have gotten about a hundred trade confirmations today (sells, not buys). There are a bunch of really good reasons we cut just about everything by 50% today. They can be summarized by the headline: “I just didn’t like the set-up…” If you paid even a…