So far 2012 has lived up to the volatility we anticipated back in January. We’ve had a massive market rally followed by a rather significant correction. Central bank and government intervention caused quite a spike in risk assets at the beginning of the year, but renewed debt worries coupled with a significant global growth slowdown…
If I were one of these crazy hedge fund guys, with the slick haircuts and fancy shoes and racing stripe shirts, the trade I’d put on is 10-times-leveraged natural gas long versus 10-times short Apple. ~ Jeffrey Gundlach, April 26, 2012 The quote above is from the latest presentation given by DoubleLine’s Jeffrey Gundlach. For…
There was a poll taken the other day showing that Colorado voters prefer having Eli Manning as the quarterback of the Denver Broncos over Tim Tebow. The poll states: “Democrats prefer Manning by 46 points, 60/14, while Republicans do by just a 7 point spread at 44/37. Every group of the electorate prefers Manning over…
I haven’t written a Bulls vs. Bears post in a while. Given the tremendous stock market run from the end of last year through the end of the first quarter of this year, it seems like a good time to assess the current position of the markets. I recently read two articles which, on the…
Recently, correlations across virtually all assets have increased. This means that diversification benefits are far sparser than they were in previous years. ~ Abraham Bailin It’s almost Easter and many of us have thoughts of eggs and baskets running through our heads. Everyone’s looking forward to enjoying a little chocolate and some quality time with…
The following is a guest post by Rob Bennett. I knew the cause of the economic crisis before it happened. So did Robert Shiller. And Andrew Smithers. And John Walter Russell. And Rob Arnott. And all other Valuation-Informed Indexers. If you understand that stock valuations affect long-term returns, you understand that bull markets of the…
The following is a guest post by Rob Bennett. I’m pleased to announce that Rob will be sharing his thoughts with us here in a monthly column. Thanks Rob! Gene Mauch was the manager of the Phillies baseball team when I was a boy growing up in Philadelphia. He once said something in an interview…
Youth is when you’re allowed to stay up late on New Year’s Eve. Middle age is when you’re forced to. ~Bill Vaughn 2011 has now passed into the annals of history. How did the financial world fare? What did we learn in the process? 2011 By the Numbers Let’s start with a short report card…
