The following analogy comes from Ralph Wanger, founder of the Acorn Fund (via Bill King): “Zebras have the same problem as institutional portfolio managers. “Firstly, both seek profits. For portfolio managers above-average performance; for zebras, fresh grass. “Secondly, ...Read more Comments Off on Zebras vs. institutional portfolio managers
Monthly Archives: September 2009
Bloomberg reports that PIMCO's Bill Gross is exchanging his corporate bonds for longer-dated government securities out of concern for deflation. This is a theme that we have written extensively about during the course of the year. Bill Gross, ...Read more 1
In a lively discussion with Simon Johnson (MIT Prof, former Chief Economist, IMF), Lawrence Fish (former Chairman and CEO, Citizens Financial) deconstructs the near collapse of the banking system and points out the multiple factors that have contributed ...Read more 1
An interesting survey has just found its way into my inbox, courtesy of Ratio Trading. The survey of more than 500 experienced futures brokers asked what, in their experience, caused most traders to lose money. There are some ...Read more Comments Off on Fifty common mistakes traders make
Michael Moore pays CNBC a visit to discuss his views on the "legalization of greed", and his new documentary, Capitalism: A Love Story. A provocative interview in the US, but here in Canada, Moore's ideas are commonplace. Its ...Read more Comments Off on Michael Moore Visits CNBC
We originally published the main body of this story in mid-June this year, and are reprising it now as the chart below from Credit Suisse's chart is making the rounds again, given there is talk that the monetary ...Read more Comments Off on Mortgage Resets: Have We Been in The Eye of the Hurricane?
This week on Consuelo Mack WealthTrack three investment pros discuss their winning strategies. David Winters is the founder and portfolio manager of the Wintergreen Fund that invests eclectically and globally; Whitney Tilson is a value investor who runs ...Read more Comments Off on WealthTrack: Is “Mr Market” ahead of himself, or just catching up?
The chart below comes courtesy of Andy Kessler and shows the strong relationship between the movement in the Dow Jones Industrial Index and the monetary base. The monetary base data is defined as the “sum of currency in ...Read more Comments Off on Chart of the Day: Dow Jones vs. Monetary Base
This post is a guest contribution by Dian Chu*, market analyst, trader and author of the Economic Forecasts and Opinions blog. The S&P has skyrocketed 58% since its bottom in early March, while the Dow is up 50% ...Read more Comments Off on Bonds & equities: Expect a major shift
Canada is on the cusp of something big. A boom in commodities means Canada will outperform the US over the next decade. Our recovery and upward trajectory is tied to global demand coming from China and India, and ...Read more Comments Off on Canada on the Cusp of Something Big - Forget about inflation for now
This post is a guest contribution by Asha Bangalore* of The Northern Trust Company. The tone of the policy statement and details are largely close to expectations. The federal funds rate was left unchanged at 0%-0.25%. The statement ...Read more Comments Off on FOMC Policy Statement – nature of incoming data allow Fed to wait and watch
Doug Casey is an American free-market market economist, financial author and entrepreneur. He has been writing a monthly investment newsletter, the International Speculator since 1979 and I always find his ideas quite refreshing. He is also somewhat of ...Read more Comments Off on Doug Casey on Gold
The comments below were provided by Kevin Lane of Fusion IQ. Yesterday’s intraday sell-the-Fed-news price reversal on the S&P 500 stalled at the area (S&P - 1,079 to 1,106 area) where the index really accelerated its 2008 sell-off ...Read more Comments Off on Technical Talk: Is S&P 500’s price reversal significant?