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On Friday I chatted with Jeremy Louder, the Founder of QuadWealth. Jeremy and his team work with individuals and financial planners to educate them on “less understood” wealth management strategies – that is, rather than the stock/bond/mutual fund mantra we hear touted by mainstream financial planners, Jeremy’s group focuses on alternative strategies that are employed by […]
We always love a good contrary indicator! And here’s a great one from Barry Ritholtz on his always-excellent blog entitled Are Wall Street Analysts Contrary Indicators? As we have noted so many times previously, following the Wall Street crowd of analysts is rarely the way to make money. Collectively, the analyst community has turned excessively […]
The CBOE Implied Correlation index has hit a new record – and this is usually bearish. From ZeroHedge: The CBOE Implied Correlation index has just hit another historic plateau, touching on 85 earlier in the day, which means that all those who believe relative value can still be found are about to be carted off. […]
You can run, you can rally on low volume, but ultimately you can’t hide from deflation! Today the Deflation Bird digested and ultimately pooped on the lame FOMC statement issued yesterday. It will take more than that, says our feathered friend, to stave off the ravages of deflation. It was one of those now “all […]
These days we are keeping a keen eye on markets that have been reliable leading indicators of the stock market. Since 2004 or so, markets have become quite interrelated, creating a lot of interesting relationships in markets that previously had little or no correlation. The correlation of course peaked during the 2007-2009 downturn, when EVERYTHING […]
Nice op-ed piece by Silicon Valley guru Andy Kessler in the Wall Street Journal recently: From early May through last week, the market dropped 1500 points into the pit, on the backs of gushing BP oil, riots in Europe, a 30% drop in pending home sales and the news that maybe your next door neighbor […]
Regular readers know that our Contrary Investing stance is that we believe we are still in a secular bear market – one that most likely began in the year 2000. Bear markets typically last roughly 14-18 years or so. Which means it’s unlikely we saw a bottom in March 2009. Furthermore, price-to-earnings and other valuation […]
Richard Russell’s not in the mainstream news that often – so when he is, my interest is certainly piqued. To my knowledge, Russell has been short term bullish throughout much of this reflation/retracement rally. It looks like he’s close to donning his bear cap, though. Bloomberg reports: “If the May 7 lows are violated by […]
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