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GFD Blog

Edison and the Talking Doll

Toys ‘R’ Us has announced that it is closing all of its stores in the United States as parents and kids have found alternatives to the toy retailer. Their closure reminded me what a tough business it is producing and selling toys and of the time that Thomas Alva Edison ventured into the toy business and failed miserably.

Although Edison is recognized for creating or contributing to the creation of the phonograph, electric lights, motion pictures and other essentials of the twentieth century, few realize that he also created the talking doll.

Edison created his phonograph in ...

How Old Is this Bull Market? 2 years or 9 Years?

Much is being made about the fact that the bull market is marking its ninth anniversary today. The bear market of the Great Recession hit its bottom on March 9, 2009 and has steadily moved up since then, especially in the United States. The bump we hit in February 2018 is now ancient history. Naturally, most market analysts refer to this as an old bull market since it has been moving steadily upward for the past nine years. But how old is it?

Yes, the United States stock market hasn’t had a 20% correction, or even a 15% correction since 2009, but that is not true of the r ...