The Investment Scientist

Archive for May 2017

www.usnews.jpgAfter the Comey firing and the dropping of a few other shoes, there is enough talk about the similarity to Watergate that piques my interest to study the stock market’s reaction during the Watergate period.

The Watergate period started with the arrest of five burglars breaking into the DNC offices located in the Watergate Hotel on 6/17/1972 and ended with Nixon’s resignation on 8/8/1974. I split that time period into three different stages.

  1. The early stage: from 6/17/1972 to Nixon winning re-election on 11/11/1972.
  2. The middle stage: from 11/11/1972 to 10/20/1973 when Nixon fired Archibald Cox and abolished the office of the special prosecutor. Attorney General Richardson and Deputy Attorney General William D. Ruckelshaus resigned. The day’s events are commonly known as the Saturday Night Massacre.
  3. The final stage: from 10/20/1973 to 8/8/1974 when Nixon resigned.
The chart below is the S&P 500 during whole Watergate period … Read the rest of this entry »
This morning I got an email informing me that I was identified to receive “The Five Star Wealth Manager” award.
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Am I super excited about this recognition?


This is not the first time I’ve gotten this type of email. In the past, I have received similar emails from both strangers and people claiming to represent well-recognized publications like Barron’s and Forbes. They all told me that they wanted to recognize me as the best wealth manager/financial advisor/financial planner in the country, or in my state, or in my city, or ever born. Read the rest of this entry »


Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.


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